Extends special appraisal process expiration date for Green Acres and farmland preservation programs in Highlands Region.
The bill extends the expiration date of the special appraisal process for the Green Acres program and farmland preservation program in New Jersey's Highlands Region from June 30, 2024 to June 30, 2029. This process requires two appraisals of lands proposed for acquisition, using the higher value as the basis for negotiation with the landowner. The special appraisal process is used for lands acquired using constitutionally dedicated moneys, Green Acres bond act moneys, or CBT moneys.
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