New Jersey Statutes 18A:64-39. Colleges; leasing or renting of facilities
Current as of: 2023 | Check for updates
|
Other versions
Terms Used In New Jersey Statutes 18A:64-39
- 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
An auxiliary organization may lease or rent facilities and office space from the college, provided that it reimburses the college for the fair rental value for its use of such facilities.
L.1982, c. 16, s. 14, eff. April 1, 1982.