Bill > S4125

Introduced Session

This bill would require the Division of Purchase and Property in the Department of the Treasury (division) to develop an inventory of all underutilized real property owned by the State, including property owned by an agency, authority, or other instrumentality of the State. In consultation with other State entities, including, but not limited to, the Department of Community Affairs (DCA), the New Jersey Economic Development Authority, the New Jersey Redevelopment Authority, and the New Jersey Housing and Mortgage Finance Agency, the bill requires the division to analyze the feasibility of developing, redeveloping, or renovating the various parcels of real property owned by the State for other uses. Upon the recommendation of DCA, the division is also required to evaluate all land use regulations and other site regulations applicable to each parcel included in the inventory and categorize each parcel included in the inventory for potential other uses, including certain potential uses specified in the bill. The bill requires the division to compile its inventory and analysis into a report, and submit this report to the Governor and Legislature, on or before the first day of the 13th month following the bill's effective date. The bill requires the report to be updated and resubmitted to the Governor and Legislature on an annual basis. Following each annual submission, the bill requires the director of the division to post the report on the division's Internet website. The bill would take effect immediately.

Committee Categories

Troy Singleton (D)*,  Benjie Wimberly (D)*, 

Referred to Senate Budget and Appropriations Committee (on 05/12/2025)

Official Document