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Bill > S2294


NJ S2294

NJ S2294
Requires sale of remaining unused State-owned portion of Greystone Park Psychiatric Hospital to Morris County.


summary

Introduced
06/06/2016
In Committee
06/06/2016
Crossed Over
Passed
Dead
01/08/2018

Introduced Session

2016-2017 Regular Session

Bill Summary

This bill would require that the portion of the Greystone Park Psychiatric Hospital property not conveyed previously to Morris County as required by P.L.2001, c.345, and not reserved for use by the Department of Human Services as allowed pursuant to that law, be sold to Morris County for one dollar. This sale would take place as soon as practicable, but not more than 90 days except upon agreement of both parties otherwise, after the final maturity of any bonds or refunding bonds issued by the State or any State agency, board, commission, or authority, including but not limited to the New Jersey Health Care Facilities Financing Authority, which are secured by lease revenue payments relating to the portion of the Greystone Park Psychiatric Hospital not conveyed previously to Morris County as required by P.L.2001, c.345. Lastly, the bill would provide that the sale would not require the approval of the State House Commission or any further approval of the Legislature.

AI Summary

This bill requires the remaining unused portion of the Greystone Park Psychiatric Hospital property, not previously conveyed to Morris County, to be sold to Morris County for $1. The sale must take place within 90 days after the final maturity of any bonds or refunding bonds issued by the State or any State agency that are secured by lease revenue payments related to the unsold portion of the property. The sale does not require the approval of the State House Commission or further legislative approval.

Committee Categories

Government Affairs

Sponsors (1)

Last Action

Introduced in the Senate, Referred to Senate State Government, Wagering, Tourism & Historic Preservation Committee (on 06/06/2016)

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