Authorizes payment of relocation costs under Blue Acres program.

This bill amends the ‘Preserve New Jersey Act’ to authorize the payment of relocation costs for residents participating in the Blue Acres program, which focuses on acquiring flood-prone properties. Specifically, it expands the definition of ‘Blue Acres cost’ to include housing counseling expenses and direct payments to homeowners for relocation assistance. The bill also clarifies that the Blue Acres program can utilize nature-based infrastructure for land preservation and allows for direct contracts for demolition and restoration activities. It also broadens the definition of ‘Blue Acres project’ to include various property transfer methods.