Bill
Bill > A683
NJ A683
NJ A683Provides 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
01/09/2024
01/09/2024
In Committee
01/09/2024
01/09/2024
Crossed Over
Passed
Dead
01/09/2024
01/09/2024
Introduced Session
2024-2025 Regular Session
Bill Summary
Under current law, the governing body of every municipality bordering on the Atlantic Ocean is authorized to lease, rent or hire, the whole or any part of any public parks, recreation grounds or places of public resort, owned by it and not presently needed by the municipality for municipal purposes, or any building or portion thereof for any period not to exceed 10 years. This bill amends that law to provide that the 10-year term limitation on leases only applies to municipal properties that are waterfront properties, and provides that properties that are neither waterfront properties nor related to waterfront activities or concessions are authorized to have a 25-year term limitation on leases.
AI Summary
This bill amends a law that authorizes municipalities bordering the Atlantic Ocean to lease their public properties. The key provisions are:
1. The 10-year term limitation on leases only applies to waterfront properties or properties related to waterfront activities or concessions.
2. For properties that are neither waterfront nor related to waterfront activities, the lease term limitation is increased from 10 years to 25 years.
The purpose of this bill is to provide more flexibility for municipalities to lease certain non-waterfront properties for longer periods, while maintaining the 10-year limit for waterfront or waterfront-related properties.
Committee Categories
Government Affairs
Sponsors (1)
Last Action
Withdrawn Because Approved P.L.2023, c.332. (on 01/09/2024)
Official Document
bill text
bill summary
Loading...
bill summary
Loading...
bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.njleg.state.nj.us/bill-search/2024/A683 |
| BillText | https://pub.njleg.gov/Bills/2024/A1000/683_I1.HTM |
Loading...