The Green Acres, Farmland, Blue Acres, and Historic Preservation Bond Act of 2007 authorized $12 million for acquisition of lands in the floodways of the Delaware River, Passaic River or Raritan River, and their respective tributaries, for recreation and conservation purposes. An additional $24 million was approved by the voters in the Green Acres, Water Supply and Floodplain Protection, and Farmland and Historic Preservation Bond Act of 2009.
Properties (including structures) that have been damaged by, or may be prone to incurring damage caused by, storms or storm-related flooding, or that may buffer or protect other lands from such damage, are eligible for acquisition. This program has been used for Super Storm Sandy.
Source: “State of New Jersey Department of Environmental Protection Green Acres Program”