Bill Text: NJ S3779 | 2022-2023 | Regular Session | Amended
Bill Title: Requires Division of Purchase and Property to issue annual report on State-owned property and potential for use as affordable housing.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Introduced - Dead) 2023-06-01 - Reported from Senate Committee with Amendments, 2nd Reading [S3779 Detail]
Download: New_Jersey-2022-S3779-Amended.html
Sponsored by:
Senator TROY SINGLETON
District 7 (Burlington)
SYNOPSIS
Requires Division of Purchase and Property to issue annual report on State-owned property and potential for use as affordable housing.
CURRENT VERSION OF TEXT
As reported by the Senate Community and Urban Affairs Committee on June 1, 2023, with amendments.
An Act requiring annual report on State-owned property and potential for use as affordable housing, and supplementing chapter 18A of Title 52 of the Revised Statutes.
Be It Enacted by the Senate and General Assembly of the State of New Jersey:
1. The Division of Purchase and Property in the Department of the Treasury shall develop an inventory of all real property owned by the State, including property owned by an agency, authority, or other instrumentality of the State. In consultation with other State entities, including, but not limited to, the New Jersey Economic Development Authority, the New Jersey Redevelopment Authority, and the New Jersey Housing and Mortgage Finance Agency, the division shall analyze the feasibility of developing, redeveloping, or renovating the various parcels of real property owned by the State for use as low income and moderate income housing, as defined pursuant to section 4 of P.L.1985, c.222 (C.52:27D-304). The division shall develop its inventory and analysis into a report, and shall submit this report to the Governor and, pursuant to section 2 of P.L.1991, c.164 (C.52:14-19.1), to the Legislature, on or before the first day of the 13th month next following the effective date of P.L. , c. (C. ) (pending before the Legislature as this bill). The report shall be updated and resubmitted to the Governor and Legislature on an annual basis after the initial submission. 1Following the annual submission of the report to the Governor and Legislature, the director of the division shall post the report on the division's Internet website.1
2. This act shall take effect immediately.
