New Jersey § 13:8c-47

§ 13:8c-47.

a. In each State fiscal year commencing in State fiscal year 2020 and annually thereafter,

of the amount credited by the State Treasurer to the Preserve New Jersey Fund Account

pursuant to subparagraph (b) of paragraph (1) of subsection a. of section 4 of P.L.2016, c. 12 ( C.13:8C-46 ): (1) 62 percent shall be deposited into the Preserve New Jersey Green Acres Fund; (2) 31 percent shall be deposited into the Preserve New Jersey Farmland Preservation

Fund; and (3) seven percent shall be deposited into the Preserve New Jersey Historic Preservation

Fund. b. (1) Beginning July 1, 2022, and annually thereafter, the Garden State Preservation

Trust shall conduct a review of the appropriations of constitutionally dedicated CBT

moneys to, and the expenditures thereof by, the Department of Environmental Protection,

the State Agriculture Development Committee, and the New Jersey Historic Trust for

their respective programs. In conducting this review, the trust shall: evaluate the demonstrated need for

funding for the acquisition or development of lands for recreation and conservation

purposes, including Blue Acres projects, farmland preservation purposes, or historic

preservation purposes based upon available projects, applicant demand, and past appropriations

and expenditures for these purposes; and hold a public hearing to solicit public

input on appropriate funding allocations for the department, committee, and New Jersey

Historic Trust, for the upcoming fiscal year. (2) If the trust determines, based on the review conducted pursuant to paragraph (1)

of this subsection, that it would be appropriate to revise the allocations set forth

in subsection a. of this section, or section 6, 8, or 9 of P.L.2016, c. 12 ( C.13:8C-48 , 50 , or 51 ), the trust shall send a written notification to the Chairperson of the Senate Environment

and Energy Committee, the Assembly Agriculture and Natural Resources Committee, and

the Assembly Environment and Solid Waste Committee, or their successors, of its findings

and recommendations concerning future funding allocations for the Preserve New Jersey

Green Acres Fund, the Preserve New Jersey Farmland Preservation Fund, or the Preserve

New Jersey Historic Preservation Fund. (3) A recommendation by the trust to reallocate constitutionally dedicated CBT moneys

based on the review conducted pursuant to this subsection shall not alter the allocations

set forth in subsection a. of this section or section 6, 8, or 9 of P.L.2016, c. 12 ( C.13:8C-48 , 50 , or 51 ) for any fiscal year unless authorized by the Legislature.