SENATE ENVIRONMENT AND ENERGY COMMITTEE

STATEMENT TO

SENATE, No. 4424

STATE OF NEW JERSEY

DATED:  JUNE 8, 2026

      The Senate Environment and Energy Committee reports favorably Senate Bill No. 4424.

      The bill appropriates $15,546,575 to the Department of Environmental Protection (DEP), of which $15,115,075 is to provide grants to various nonprofit entities to acquire or develop lands for recreation and conservation purposes and $431,500 is to be used by the DEP for associated administrative costs. 

     Of the amount appropriated by the bill to provide grants to various nonprofit entities:  $9,597,073 is allocated for eight acquisition projects; $5,230,502 is allocated for eight park development projects; and $287,500 is allocated for one stewardship activity project.

     The bill also would allow the DEP to re-distribute certain other moneys, which have been returned to the department due to project withdrawals, cancellations, or cost savings, for the purpose of providing additional funding, for recreation and conservation purposes, to previously approved and funded projects of nonprofit entities, subject to the approval of the Joint Budget Oversight Committee.  This additional funding, if provided from a Green Acres bond act, may include administrative costs.  The projects listed in the bill have been approved by the DEP and the Garden State Preservation Trust.

     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.  The “Preserve New Jersey Act,” P.L.2016, c.12 (C.13:8C-43 et seq.), implements the constitutional dedication of CBT revenues for open space, farmland, and historic preservation.  The “Preserve New Jersey Green Acres Fund” was established by section 6 of the “Preserve New Jersey Act.”  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.