Bill

Bill > S3024


NJ S3024

NJ S3024
Changes certain allocations and amounts of constitutionally dedicated CBT revenues for Fiscal Year 2026 and thereafter; authorizes Garden State Preservation Trust and local governments to acquire lands in urban areas for agricultural or horticultural purposes.


summary

Introduced
01/13/2026
In Committee
01/13/2026
Crossed Over
Passed
Dead

Introduced Session

2026-2027 Regular Session

Bill Summary

This bill would authorize the Garden State Preservation Trust (trust) to develop a program to acquire land for agricultural or horticultural purposes in urban areas of the State through the purchase of fee simple titles or lesser interests in land, including, but not limited to, a development easement, a conservation restriction or easement, or any other restriction or easement permanently restricting development, by purchase or installment purchase agreement using constitutionally dedicated moneys. The bill would require the trust to develop eligibility criteria for the acquisition of land in urban areas of the State for agricultural or horticultural purposes and an application process for landowners to apply to the trust to sell a fee simple title or a lesser interest in land. The trust would be required to prioritize the purchase of small parcels of land in urban areas of the State that are suitable for agricultural or horticultural purposes. Under the bill, any land acquired in fee simple by the trust would be required to be held of record in the name of the State and may be offered for lease by the State using a competitive bidding process to interested parties, provided that the land is to be utilized for agricultural or horticultural purposes. The trust would be required to establish an application process for the lease of land acquired by the trust, which would require applicants to provide information concerning the intended use of the land for agricultural or horticultural purposes. The terms of the lease are to be established by the trust. The bill would require the trust to designate areas of the State as urban areas based on population density, residential and commercial development, and non-residential land uses, among other factors, in a specific region, and to adopt rules and regulations as necessary to implement the bill's provisions. In addition, the bill would establish funding allocations for the constitutional dedication of Corporation Business Tax (CBT) revenues for fiscal year 2026 and thereafter. Under the bill, on July 1 next following the bill's effective date, $25 million of the amount credited to the Preserve New Jersey Fund Account pursuant to the "Preserve New Jersey Act," P.L.2016, c.12 (C.13:8C-43 et seq.) would be required to be deposited into the Preserve New Jersey Urban Agriculture and Horticulture Fund, established pursuant to the bill. In addition, in each State fiscal year commencing in State fiscal year 2026 and annually thereafter, of the amount credited by the State Treasurer to the Preserve New Jersey Fund Account pursuant to the "Preserve New Jersey Act," P.L.2016, c.12 (C.13:8C-43 et seq.): (1) 62 percent would be required to be deposited into the Preserve New Jersey Green Acres Fund; (2) 26 percent would be required to be deposited into the Preserve New Jersey Farmland Preservation Fund; (3) seven percent would be required to be deposited into the Preserve New Jersey Historic Preservation Fund; and (4) five percent would be required to be deposited into the Preserve New Jersey Urban Agriculture and Horticulture Fund. The bill would also require the trust to establish and administer the Urban Agriculture and Horticulture Stewardship Grant Program (grant program) for the purpose of providing grants to qualified applicants for stewardship activity projects, including, but not limited to, projects that improve soil health, climate resiliency, and erosion and sediment control, on land that has been acquired by the trust and preserved for agricultural and horticultural purposes pursuant to the bill. Section 6 of the bill establishes certain eligibility criteria and application requirements for qualified applicants applying for a grant under the grant program. The trust would be required to approve applications for the grant program on a rolling basis subject to the availability of funds in the Preserve New Jersey Urban Agriculture and Horticulture Fund. Upon the approval of an application, the trust would be required to provide a grant, in an amount not to exceed ninety percent of the total estimated costs of the stewardship activity project, to the qualified applicant. The bill would authorize the trust to utilize moneys in the Preserve New Jersey Urban Agriculture and Horticulture Fund for: (1) the fee simple acquisition or lesser interests in land, including, but not limited to, a development easement, a conservation restriction or easement, or any other restriction or easement permanently restricting development, by purchase or installment purchase agreement of land in urban areas of the State for agricultural or horticultural purposes; (2) providing grants under the grant program; and (3) paying certain administrative costs. Of the monies deposited into the Preserve New Jersey Urban Agriculture and Horticulture Fund, not more than fifteen percent can be utilized by the trust for organizational, administrative and other work and services, including salaries, equipment, and materials necessary to administer the bill's provisions. Finally, the bill would allow counties and municipalities to utilize open space trust funds for the additional purpose of acquiring lands in urban areas of the State for agricultural or horticultural purposes. Under current law, counties are authorized to establish "County Open Space, Recreation, Floodplain Protection, and Farmland and Historic Preservation Trust Funds" and municipalities are authorized to establish "Municipal Open Space, Recreation, Floodplain Protection, and Farmland and Historic Preservation Trust Funds." This bill would expand this authorization to specifically include the acquisition and stewardship of lands in urban areas of the State for agricultural or horticultural purposes and would revise the names of these open space trust funds to include "urban agriculture and horticulture."

AI Summary

This bill modifies how constitutionally dedicated Corporation Business Tax (CBT) revenues are allocated for preservation purposes starting in Fiscal Year 2026 and establishes a new program for acquiring land in urban areas for agricultural or horticultural uses. Specifically, it creates the "Preserve New Jersey Urban Agriculture and Horticulture Fund" and allocates 5% of the constitutionally dedicated CBT revenues to it annually, with an initial $25 million deposit. The Garden State Preservation Trust (the trust) is authorized to use these funds to purchase land in designated urban areas for farming or gardening, prioritizing smaller parcels. Acquired land can be leased for agricultural or horticultural purposes, with lease revenue returning to the new fund. The bill also allows counties and municipalities to use their open space trust funds for acquiring and maintaining land in urban areas for agricultural or horticultural purposes, renaming these funds to include "urban agriculture and horticulture." Additionally, the trust will administer a grant program to support stewardship activities on preserved urban agricultural and horticultural lands, covering up to 90% of project costs for eligible applicants.

Committee Categories

Agriculture and Natural Resources

Sponsors (4)

Last Action

Introduced in the Senate, Referred to Senate Environment and Energy Committee (on 01/13/2026)

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