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Bill > A5565
NJ A5565
NJ A5565Provides that 10-year term does not apply to lease of certain municipal properties unless they are waterfront properties or related to waterfront concessions.
summary
Introduced
06/05/2023
06/05/2023
In Committee
01/04/2024
01/04/2024
Crossed Over
12/21/2023
12/21/2023
Passed
01/08/2024
01/08/2024
Dead
Signed/Enacted/Adopted
01/16/2024
01/16/2024
Introduced Session
2022-2023 Regular Session
Bill Summary
Provides that 10-year term does not apply to lease of certain municipal properties unless they are waterfront properties or related to waterfront concessions.
AI Summary
This bill amends an existing law to provide that the 10-year term limit for leasing municipal properties does not apply to properties that are not waterfront or related to waterfront activities and concessions. Instead, these non-waterfront properties can be leased for up to 25 years. The bill retains the 10-year term limit for leases of municipal waterfront properties or properties related to waterfront activities and concessions.
Committee Categories
Government Affairs, Housing and Urban Affairs
Sponsors (4)
Last Action
Approved P.L.2023, c.332. (on 01/16/2024)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.njleg.state.nj.us/bill-search/2022/A5565 |
| Analysis - Statement SCU 1/4/24 | https://pub.njleg.gov/Bills/2022/A6000/5565_S2.PDF |
| Analysis - Statement ASL 11/30/23 | https://pub.njleg.gov/Bills/2022/A6000/5565_S1.PDF |
| BillText | https://pub.njleg.gov/Bills/2022/A6000/5565_I1.HTM |
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