Increases aid to municipalities hosting watershed lands and the Highlands Protection Fund; raises per-acre aid rates.

This bill increases the amounts of aid paid to certain municipalities that host watershed lands and raises the annual appropriation to the Highlands Protection Fund from realty transfer fee revenues. It raises the per-acre rate of watershed moratorium offset aid and watershed property municipal aid from $47 to $94 per acre. The bill also mandates that at least 25% of any funds received by municipalities for these purposes be used for school funding.

Increases aid to municipalities hosting watershed lands and the Highlands Protection Fund; raises per-acre aid rates.

This bill increases the amounts of aid paid to certain municipalities that host watershed lands and raises the annual appropriation to the Highlands Protection Fund from realty transfer fee revenues. It raises the per-acre rate of watershed moratorium offset aid and watershed property municipal aid from $47 to $94 per acre. The bill also mandates that at least 25% of any funds received by municipalities for these purposes be used for school funding.