Bill

Bill > S4162


NJ S4162

NJ S4162
Authorizes State Treasurer to sell as surplus certain real property and improvements in City of Jersey City in Hudson County.


summary

Introduced
11/30/2023
In Committee
11/30/2023
Crossed Over
Passed
Dead
01/08/2024

Introduced Session

2022-2023 Regular Session

Bill Summary

This bill authorizes the State Treasurer to sell and convey to the Port Authority of New York and New Jersey the land and improvements on Block 7203, Lot 2, in the City of Jersey City, County of Hudson, known as the Holland Tunnel Service Garage. The property has been declared to be surplus to the needs of the State. The State House Commission will set the terms and conditions of the sale. The Executive Branch has expressed its desire to convey the property to the Port Authority of New York and New Jersey for $1. The Holland Tunnel Service Garage is a parcel of land in Jersey City located outside the entrance to the Holland Tunnel and owned by the Department of the Treasury. Since the property's construction in 1931 however, and as a result of State legislation concerning Bridge and Tunnel unification, the Port Authority of New York and New Jersey has exercised de facto ownership over the property, assuming the payment of original debt for the property's construction and exercising control over operations, record keeping, and maintenance. The State has acted as though the Port Authority owns the property despite the fact that there is no evidence to suggest that a deed was ever recorded conferring title to the Port Authority. Consistent with the historical and ongoing responsibilities assumed by the Port Authority, it is fitting and proper to legally transfer ownership of the property to the Port Authority of New York and New Jersey.

AI Summary

This bill authorizes the State Treasurer to sell and convey the land and improvements known as the Holland Tunnel Service Garage, located in Jersey City, to the Port Authority of New York and New Jersey (PANYNJ) for a price determined by the State House Commission. The property has been declared surplus to the State's needs, and the PANYNJ has exercised de facto ownership and control over the property since its construction in 1931, despite the lack of a recorded deed transferring title to the PANYNJ. The bill states that it is fitting and proper to legally transfer ownership of the property to the PANYNJ, consistent with the historical and ongoing responsibilities the PANYNJ has assumed with respect to the property.

Committee Categories

Government Affairs

Sponsors (1)

Last Action

Introduced in the Senate, Referred to Senate State Government, Wagering, Tourism & Historic Preservation Committee (on 11/30/2023)

bill text


bill summary

Loading...

bill summary

Loading...

bill summary

Loading...