N.J. Stat. § 13:8A-49

Current through L. 2024, c. 62.

Section 13:8A-49 - Acquisition of lands by lease with minimum term of 25 years; use for recreation facilities

The commissioner may authorize the development of recreation facilities or approve grants to assist a local unit develop recreation facilities on lands acquired through the execution of an irrevocable lease having a minimum term of 25 years. Upon expiration of the term of the lease, the provisions of 13.a. and 14.a. shall not apply.

N.J.S. § 13:8A-49

L.1975, c.155, s.15, eff. 7/15/1975.