Bill Text: NJ S3971 | 2022-2023 | Regular Session | Introduced

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Bill Title: Provides that 10-year term does not apply to lease of certain municipal properties unless they are waterfront properties or related to waterfront concessions.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2024-01-08 - Substituted by A5565 [S3971 Detail]

Download: New_Jersey-2022-S3971-Introduced.html

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SENATE, No. 3971

STATE OF NEW JERSEY

220th LEGISLATURE

 

INTRODUCED JUNE 15, 2023

 

 

Sponsored by:

Senator  VIN GOPAL

District 11 (Monmouth)

 

 

 

 

SYNOPSIS

     Provides that 10-year term does not apply to lease of certain municipal properties unless they are waterfront properties or related to waterfront concessions.

 

CURRENT VERSION OF TEXT

     As introduced.

  

An Act concerning lease terms of certain municipal properties and amending R.S.40:61-36.

 

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

 

     1.    R.S.40:61-36 is amended to read as follows:

     40:61-36. The governing body of every municipality bordering on the Atlantic [ocean] Ocean may lease, rent or hire, the whole or any part of any public parks, recreation grounds or places of public resort, owned by it and not presently needed by the municipality for municipal purposes, or any building or portion thereof located therein for any period not exceeding:

     a.     10 years for any waterfront property bordering on the ocean, tidal water bays or rivers, or easement rights therein; and

     b.    25 years for any property not bordering on the ocean, tidal water bays or rivers, or easement rights therein, or which property is not related to waterfront activities or concessions.

(cf: P.L.1959, c.6, s.1)

 

     2.    This act shall take effect immediately.

 

 

STATEMENT

 

     Under current law, the governing body of every municipality bordering on the Atlantic Ocean is authorized to lease, rent or hire, the whole or any part of any public parks, recreation grounds or places of public resort, owned by it and not presently needed by the municipality for municipal purposes, or any building or portion thereof for any period not to exceed 10 years.

     This bill amends that law to provide that the 10-year term limitation on leases only applies to municipal properties that are waterfront properties, and provides that properties that are neither waterfront properties nor related to waterfront activities or concessions are authorized to have a 25-year term limitation on leases.