Bill Text: NJ A3290 | 2016-2017 | Regular Session | Introduced

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Bill Title: Increases threshold value of surplus State-owned real property and easements above which legislative review and approval is required before sale.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced - Dead) 2016-02-22 - Introduced, Referred to Assembly State and Local Government Committee [A3290 Detail]

Download: New_Jersey-2016-A3290-Introduced.html

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ASSEMBLY, No. 3290

STATE OF NEW JERSEY

217th LEGISLATURE

 

INTRODUCED FEBRUARY 22, 2016

 

 

Sponsored by:

Assemblyman  DAVID P. RIBLE

District 30 (Monmouth and Ocean)

 

 

 

 

SYNOPSIS

     Increases threshold value of surplus State-owned real property and easements above which legislative review and approval is required before sale.

 

CURRENT VERSION OF TEXT

     As introduced.

  

An Act concerning the sale of surplus State-owned real property and easements and the State House Commission, and amending P.L.1962, c.220.

 

     Be It Enacted by the Senate and General Assembly of the State of New Jersey:

 

     1.    Section 3 of P.L.1962, c.220 (C.52:31-1.3) is amended to read as follows:

     3.    (a)  The provisions of this act shall apply to real property or interests therein that have a value of [$500,000] $1,000,000 or less and to easements that have a value of [$100,000] $500,000 or less.

     (b)   The provisions of this act shall be deemed to be additional and supplemental to any existing authority to sell property of the State and shall not be deemed to be in derogation of such existing authority.  Nothing in this act, P.L.1962, c.220 (C.52:31-1.1 et seq.), as amended and supplemented, shall be construed to affect, amend, alter or repeal any provision of any other law relating to the disposition of public lands for recreation and conservation, farmland preservation, or any other public purpose.

(cf: P.L.1997, c.135, s.1)

 

     2.    This act shall take effect immediately.

 

 

STATEMENT

 

     This bill increases, from $500,000 to $1,000,000, the threshold value of surplus State-owned real property above which the sale must be reviewed and approved by the Legislature.  The bill also increases, from $100,000 to $500,000, the threshold value of easements above which the sale must be reviewed and approved by the Legislature.

     Current law provides that all sales of surplus State-owned real property and easements, regardless of value, must be reviewed and approved by the State House Commission.  Legislative approval is required for the sale of each parcel of real property with a value greater than $500,000 and each easement with a value greater than $100,000.  This bill will permit the sale, without legislative approval, of surplus real property with a value of $1,000,000 or less and of easements with a value of $500,000 or less.