On June 30, 1999, then Governor, Christine Whitman, signed into law the Garden State Preservation Trust Act, which will allow New Jersey to preserve 1 million acres over the next ten years. The bill establishes, for the first time in history, a stable source of funding for preservation efforts and the statutory framework necessary to implement the landmark preservation plan approved by a 2-1 margin of New Jerseyans, in November 1998. The 1998 vote amended the New Jersey constitution to provide a stable source of funding to acquire and preserve open space, farmland and historic sites around the state. The amendment dedicates $98 million annually for ten years dedicated to preservation efforts and authorizes the issuance of up to $1 billion in revenue bonds.
The legislation signed by the Governor establishes the Garden State Preservation Trust (GSPT), a nine member board that will receive and approve projects submitted