New Jersey Statutes 40:9-2.1. Acquisition, improvement, operation and equipment of public transportation passenger or freight rail line
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Terms Used In New Jersey Statutes 40:9-2.1
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
The governing body of any county or municipality may acquire, by purchase or lease, maintain, improve, equip and operate any existing public transportation passenger or freight rail line, including its appurtenant lands and ancillary structures and facilities.
L.1964, c. 209, s. 1, eff. Oct. 20, 1964. Amended by L.1982, c. 15, s. 2, eff. March 29, 1982.