New Jersey Statutes 40:60-25.54. Acquisition of lands for future school sites; approval
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Terms Used In New Jersey Statutes 40:60-25.54
- Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
The governing body of any municipality may acquire by gift, purchase or condemnation lands for use as future sites for public schools provided that such lands shall have theretofore been designated with the approval of the board of education as future public school sites on a master plan adopted by the planning board or official map, of the municipality, adopted by the governing body.
L.1966, c. 298, s. 1, eff. Dec. 8, 1966.