S 3024
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.
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- Became Law
Bill overview
This bill changes how state funds dedicated to conservation are allocated, specifically for Fiscal Year 2026 and beyond. It directs 62% of the Preserve New Jersey Fund Account to the Green Acres Fund, 26% to the Farmland Preservation Fund, 7% to the Historic Preservation Fund, and 5% to a new Urban Agriculture and Horticulture Fund. Additionally, it authorizes the Garden State Preservation Trust and local governments to acquire land in urban areas for agricultural or horticultural purposes, with the Trust conducting an annual review of funding allocations.
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