New Jersey Statutes 43:15A-33.8. Construction of buildings on state lands and transfer of title to Public Employees’ Retirement System
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Terms Used In New Jersey Statutes 43:15A-33.8
- 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
- State: extends to and includes any State, territory or possession of the United States, the District of Columbia and the Canal Zone. See New Jersey Statutes 1:1-2
In order to carry out the purposes of this act, the rental arrangement or lease referred to in section 4 of this act may include, on behalf of the State, permission to construct a building or buildings, which will constitute the real property in which the investment is made, upon lands owned by the State, and to transfer title to such lands to the said Public Employees’ Retirement System.
L.1960, c. 44, p. 180, s. 8.