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Bill > S2460
NJ S2460
NJ S2460Authorizes State Treasurer to sell as surplus property certain land and improvements in Town of Morristown in Morris County.
summary
Introduced
01/13/2026
01/13/2026
In Committee
01/13/2026
01/13/2026
Crossed Over
Passed
Dead
Introduced Session
2026-2027 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 State Treasurer, acting for the New Jersey Motor Vehicle Commission (MVC), to sell a specific piece of land and any buildings on it, located at 101 Ridgedale Avenue in Morristown, Morris County, to the Town of Morristown. This property, measuring approximately 0.69 acres, has been deemed no longer needed by the state. The sale will be conducted under terms and conditions set by the State House Commission, a body that oversees state property transactions, and the property has been appraised and agreed to be sold for $850,000 directly to the town. The funds generated from this sale will be placed into a state fund designated for reducing state debt or financing capital improvement projects. The MVC previously used this site as an inspection center for specialized vehicles, but it was closed due to hurricane damage.
Committee Categories
Government Affairs
Sponsors (1)
Last Action
Introduced in the Senate, Referred to Senate State Government, Wagering, Tourism & Historic Preservation Committee (on 01/13/2026)
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/2026/S2460 |
| BillText | https://pub.njleg.gov/Bills/2026/S2500/2460_I1.HTM |
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