NJ S4531

Appropriates $52,798,268 total to the State Agriculture Development Committee for farmland preservation, with $51,616,360 coming from constitutionally dedicated corporation business tax (CBT) revenues

Allocates $21,046,028 for acquiring development easements or fee simple titles to farmland, including grants to counties and municipalities (up to 80% of costs) and qualifying nonprofits (up to 50% of costs)

Provides $3,452,240 for stewardship grants covering soil and water conservation projects and deer-fencing activities on preserved farmland

Designates $28,300,000 for administrative purposes: $25 million for program administration, $2 million for easement acquisition costs, $800,000 for Garden State Preservation Trust administration, and $500,000 for legal enforcement of development easements

Requires any farmland acquired in fee simple to be offered for resale or lease with agricultural deed restrictions approved by the committee