New Jersey § 40:60-51.12 Leasing of municipal real estate to nonprofit entities

New Jersey Statutes

§ 40:60-51.12 — Leasing of municipal real estate to nonprofit entities

New Jersey § 40:60-51.12

Title 40MUNICIPALITIES AND COUNTIES

This text of New Jersey § 40:60-51.12 (Leasing of municipal real estate to nonprofit entities) is published on Counsel Stack Legal Research, covering New Jersey primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.J. Stat. Ann. § 40:60-51.12 (2026).

Text

1.The governing body of any municipality may lease any real estate owned or controlled by it or any interest therein when, and to the extent that, it is not required for municipal purposes, to any not-for-profit corporation or not-for-profit association while it is used for the purposes of such organization in promoting the health, safety, morals and general welfare of the community and not for commercial business, trade, or manufacturing purposes, without costs or at a nominal rental. L.1966,c.238,s.1; amended 2002,c.19.

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1. The governing body of any municipality may lease any real estate owned or controlled by it or any interest therein when, and to the extent that, it is not required for municipal purposes, to any not-for-profit corporation or not-for-profit association while it is used for the purposes of such organization in promoting the health, safety, morals and general welfare of the community and not for commercial business, trade, or manufacturing purposes, without costs or at a nominal rental. L.1966,c.238,s.1; amended 2002,c.19.