[First Reprint]
ASSEMBLY, No. 2532
STATE OF NEW JERSEY
INTRODUCED DECEMBER 5, 1996
By Assemblyman LANCE
An Act concerning the sale of real property by the State and amending P.L.1962, c.220 and R.S.52:20-1.
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 [$100,000.00] 1[$5,000,000.00] $3,000,0001 or less and to easements that have a value of $10,000.00 or less. 1Commencing March 1, 1998 and each year thereafter, the State Treasurer shall adjust the amount of the maximum value of real property or interests hereinbefore set forth in direct proportion to the rise or fall of the composite average for the New York City and the Philadelphia areas, as that average is determined by the Treasurer, in the Housing component of the Consumer Price Index for all Urban Consumers as reported by the United States Department of Labor. The State Treasurer shall, no later than June 1 of each year, notify the President of the Senate, the Speaker of the General Assembly, and the State House Commission of the adjustment. The adjustment shall become effective on July 1 of each year.1
(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. 1Nothing 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.1
(cf: P.L.1962, c.220, s.3)
2. R.S.52:20-1 is amended to read as follows:
52:20-1. The State House Commission shall consist of the Governor, who shall be the presiding officer, the State Treasurer, and the [Comptroller of the Treasury] Director of the Division of Budget and Accounting or their designees, or the persons upon whom shall devolve by law the powers, duties and emoluments of said offices respectively, for the time being, and 2 members of the Senate appointed by the President thereof and 2 members of the General Assembly appointed by the Speaker thereof, no more than one of either group of 2 being of the same political party. The members of the commission shall serve without pay in connection with all such duties as are prescribed in this chapter. The appointed members of the commission shall serve as members thereof for terms co-extensive with their respective terms as members of the Houses of the Legislature from which they were appointed.
(cf: P.L.1963, c.180, s.1)
3. This act shall take effect immediately.
Increases from $100,000 to $3,000,000 value of surplus real property a State department may sell without specific legislative authorization; authorizes Executive Branch members of State House Commission to name designees.