Bill
Bill > S4410
NJ S4410
NJ S4410Authorizes State Treasurer to sell as surplus property certain land and improvements in Town of Morristown in Morris County.
summary
Introduced
05/19/2025
05/19/2025
In Committee
05/19/2025
05/19/2025
Crossed Over
Passed
Dead
Introduced Session
2024-2025 Regular Session
Bill Summary
This bill authorizes the State Treasurer, on behalf of the New Jersey Motor Vehicle Commission (MVC), to sell and convey to the Town of Morristown in Morris County a 0.69 ± acres parcel of land and all improvements located at 101 Ridgedale Avenue in the Town of Morristown, Morris County. The property has been declared to be surplus to the needs of the State. The proceeds of the sale will be deposited into the fund created by law which requires that the deposits be used for the relief of State debt or to assist in funding capital improvement projects. The State House Commission will set the terms and conditions of sale. The property has been appraised and negotiated to be sold at a price of $850,000 as a direct sale to the Town of Morristown. The MVC previously utilized the property as an inspection center for specialized vehicles. The facilities were closed due to damage sustained from a hurricane.
AI Summary
This bill authorizes the New Jersey Department of the Treasury, acting on behalf of the Motor Vehicle Commission (MVC), to sell a 0.69-acre parcel of land and its improvements located at 101 Ridgedale Avenue in Morristown, Morris County. The property, which was previously used as an inspection center for specialized vehicles and was closed due to hurricane damage, has been declared surplus to the state's needs. The sale will be to the Town of Morristown at a negotiated price of $850,000, with the sale terms and conditions to be set by the State House Commission. The proceeds from the sale will be deposited into a fund that can be used to either reduce state debt or support capital improvement projects. The bill provides a straightforward mechanism for the state to divest itself of an unneeded property by selling it directly to the local municipality, with the sale taking effect immediately upon enactment.
Committee Categories
Government Affairs
Sponsors (1)
Last Action
Introduced in the Senate, Referred to Senate State Government, Wagering, Tourism & Historic Preservation Committee (on 05/19/2025)
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/2024/S4410 |
| BillText | https://pub.njleg.gov/Bills/2024/S4500/4410_I1.HTM |
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