Existing law establishes the California Rangeland, Grazing Land, and Grassland Protection Program to protect California's rangeland, grazing land, and grasslands through the use of conservation easements, for specified purposes. Existing law authorizes, under the program, funds to be expended by the Wildlife Conservation Board for the acquisition of conservation easements over qualified property, as defined, and authorizes the board to make grants of funds to a state agency, local public agency, or nonprofit organization for the acquisition of conservation easements over qualified property. The Safe Drinking Water, Wildfire Prevention, Drought Preparedness, and Clean Air Bond Act of 2024, approved by the voters as Proposition 4 at the November 5, 2024, statewide general election, authorized the issuance of bonds in the amount of $10,000,000,000 pursuant to the State General Obligation Bond Law to finance projects for safe drinking water, drought, flood, and water resilience, wildfire and forest resilience, coastal resilience, extreme heat mitigation, biodiversity and nature-based climate solutions, climate-smart, sustainable, and resilient farms, ranches, and working lands, park creation and outdoor access, and clean air programs. The act makes available, upon appropriation by the Legislature, $870,000,000 to the board for grant programs to protect and enhance fish and wildlife resources and habitat and achieve the state's biodiversity, public access, and conservation goals. This bill would appropriate, from the above-described bond funds made available to the board, $400,000,000 to the board to award under the program as grants to eligible entities, as defined, to acquire conservation easements on qualified property that is privately owned and supports the production of food and fiber and ecosystem services, including, but not limited to, wildfire fuel reduction, groundwater recharge, wildlife habitat, and open vistas. The bill would require the board to disburse the funds to grantees through grant agreements on or before June 30, 2028, and to allocate the funds to eligible entities across the state in a specified manner. The bill would require, on or before June 30, 2029, a grantee to expend the grant funds to acquire a conservation easement and record the conservation easement. The bill would authorize the board to partner with, and receive funds from, land trusts that are certified by the Natural Resources Conservation Service of the United States Department of Agriculture, as provided.