Bill

Bill > A2328


NJ A2328

NJ A2328
Appropriates $55 million from constitutionally dedicated CBT revenues for recreation and conservation purposes and various Green Acres funds to DEP for State capital and park development projects.


summary

Introduced
01/13/2026
In Committee
01/13/2026
Crossed Over
Passed
01/13/2026
Dead
Signed/Enacted/Adopted
01/13/2026

Introduced Session

2026-2027 Regular Session

Bill Summary

This bill appropriates the sum of $55 million to the Department of Environmental Protection (DEP) to provide funding for capital projects and park development projects on lands administered by the DEP for recreation and conservation purposes 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 lands administered by the State for recreation and conservation purposes; 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. Additional funding in this bill is provided from the accumulated interest earnings in the Garden State Green Acres Preservation Trust Fund, established pursuant to the "Garden State Preservation Trust Act," P.L.1999, c.152 (C.13:8C-1 et seq.), and the funds established pursuant to Green Acres bond acts. This bill appropriates funds for capital and park development projects on State lands administered by the DEP's State Parks, Forests, and Historic Sites program and Fish and Wildlife program. These programs were formerly known, respectively, as the Division of Parks and Forestry and Division of Fish and Wildlife, prior to the DEP's current reorganization. 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.

AI Summary

This bill appropriates $55 million to the Department of Environmental Protection (DEP) for capital and park development projects on state lands managed for recreation and conservation. The funding comes from constitutionally dedicated corporation business tax (CBT) revenues, which are revenues from taxes paid by corporations, and from accumulated interest earnings in the Garden State Green Acres Preservation Trust Fund and funds from Green Acres bond acts. The "Preserve New Jersey Act" is a law that directs a portion of these dedicated CBT revenues towards open space, farmland, and historic preservation, including projects for recreation and conservation. This bill specifically allocates funds for various projects such as boating and fishing access, camping development, habitat enhancement, infrastructure repairs like bridges and buildings, historic structure stabilization, recreational development, and road repairs, as well as administrative costs and a contingency fund. Importantly, the bill waives the requirement for approval from the Joint Budget Oversight Committee for these expenditures, allowing the DEP to reallocate funds among the listed projects with the approval of the Division of Budget and Accounting, provided they notify legislative leaders and relevant committees.

Committee Categories

Budget and Finance

Sponsors (1)

Last Action

Withdrawn Because Approved P.L.2025, c.188. (on 01/13/2026)

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