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NJ S4551
Bill
Status
12/19/2025
Primary Sponsor
James Beach
Click for details
AI Summary
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Appropriates $3,750,990 from constitutionally dedicated corporation business tax (CBT) revenues to the State Agriculture Development Committee for farmland preservation grants to qualifying tax-exempt nonprofit organizations.
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Funding sources include $3,561,350 from reallocated previously appropriated monies and $189,640 in new funds from the Preserve New Jersey Farmland Preservation Fund.
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Grants cover up to 50% of costs for acquiring development easements on farmland or fee simple titles for resale/lease with agricultural deed restrictions.
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The Land Conservancy of New Jersey is the sole grant recipient for eight farm projects across Warren and Sussex counties, with individual grants ranging from $177,450 to $2,000,100.
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Approved December 19, 2025 as P.L. 2025, Chapter 167, with allocations previously approved by the State Agriculture Development Committee and Garden State Preservation Trust.
Legislative Description
Appropriates $3,750,990 from constitutionally dedicated CBT revenues to State Agriculture Development Committee for grants to certain nonprofit organizations for farmland preservation purposes.
Bills and Joint Resolutions Signed by the Governor
Last Action
Approved P.L.2025, c.167.
12/19/2025