Bill > S3936

This bill appropriates $60 million from constitutionally dedicated Corporation Business Tax (CBT) revenues to the Department of Environmental Protection (DEP) for recreation and conservation projects. The funding will be allocated across various categories including boating and fishing access, camping development, habitat improvements, infrastructure repairs, and specific project types like bridge repairs, building renovations, health and safety projects, and historic structure stabilization. Of the total amount, $9,187,000 comes from interest earnings on dedicated CBT revenues. The bill also provides an additional $50,813,000 from the General Fund to the "Preserve New Jersey Green Acres Fund" to support these initiatives. Notable provisions include allowing the department to reallocate funds among projects with approval from the Director of Budget and Accounting, and requiring written notification of any fund reallocation to legislative leadership and relevant committees. The bill removes the requirement for Joint Budget Oversight Committee approval of expenditures, streamlining the funding process for these conservation and recreation projects. The appropriation is made under the "Preserve New Jersey Act" and aims to support state land development for recreational and conservation purposes.

Budget and Finance

https://www.njleg.state.nj.us/bill-search/2024/S3936