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Bill > A4957


NJ A4957

NJ A4957
Appropriates $64.929 million from constitutionally dedicated CBT revenues for recreation and conservation purposes to DEP for State capital and park development projects.


summary

Introduced
12/05/2022
In Committee
12/12/2022
Crossed Over
12/15/2022
Passed
12/19/2022
Dead
Signed/Enacted/Adopted
12/22/2022

Introduced Session

2022-2023 Regular Session

Bill Summary

This bill appropriates the sum of $64.929 million to the Department of Environmental Protection (DEP) to provide funding for capital projects and park development on lands administered by the DEP's Division of Parks and Forestry and Division of Fish and Wildlife pursuant to the "Preserve New Jersey Act," P.L.2016, c.12 (C.13:8C-43 et seq.). The funding in this bill is provided from constitutionally dedicated corporation business tax (CBT) revenues pursuant to Article VIII, Section II, paragraph 6 of the State Constitution, approved by the voters of the State in November 2014. The "Preserve New Jersey Act" implements the constitutional dedication of CBT revenues for open space, farmland, and historic preservation. The act provides that a certain amount of the portion of dedicated CBT revenues allocated each year for the Green Acres program is to be used for: the acquisition of lands for open space, including Blue Acres projects, and development projects on State lands administered by the DEP's Division of Fish and Wildlife and Division of Parks and Forestry; grants and loans to fund local government open space acquisition and development projects; and grants to nonprofit entities to acquire or develop lands for recreation and conservation purposes. This bill appropriates funds for capital and park development projects on State lands administered by the DEP's Division of Fish and Wildlife and Division of Parks and Forestry. The "Preserve New Jersey Green Acres Fund" was established by section 6 of the "Preserve New Jersey Act." The projects and appropriations listed in this bill have been approved by the DEP and the Garden State Preservation Trust. Appropriates $64.929 million from constitutionally dedicated CBT revenues for recreation and conservation purposes to DEP for State capital and park development projects.

AI Summary

This bill appropriates $64.929 million from constitutionally dedicated corporation business tax (CBT) revenues to the Department of Environmental Protection (DEP) to fund capital projects and park development on lands administered by the DEP's Division of Parks and Forestry and Division of Fish and Wildlife. The funding is provided pursuant to the "Preserve New Jersey Act," which allocates a portion of the dedicated CBT revenues for open space, farmland, and historic preservation purposes. The bill specifies how the $64.929 million will be allocated among various infrastructure, habitat, and recreational development projects on State lands.

Committee Categories

Budget and Finance

Sponsors (10)

Last Action

Approved P.L.2022, c.135. (on 12/22/2022)

bill text


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