New Jersey Statutes 43:21-24.1. Sale of surplus, obsolete or unsuitable property; disposition of proceeds
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Terms Used In New Jersey Statutes 43:21-24.1
- Division: means the Division of Unemployment and Temporary Disability Insurance of the Department of Labor and Workforce Development, and any transaction or exercise of authority by the director of the division thereunder, or under this chapter (R. See New Jersey Statutes 43:21-19
- Employment: means : (A) Any service performed prior to January 1, 1972, which was employment as defined in the "unemployment compensation law" (R. See New Jersey Statutes 43:21-19
- Unemployment compensation administration fund: means the unemployment compensation administration fund established by this chapter (R. See New Jersey Statutes 43:21-19
- United States: when used in a geographical sense in subsection R. See New Jersey Statutes 43:21-19
At the request of the Director of the Division of Employment Security, the Director of the Division of Purchase and Property may sell, either at public or private sale, or otherwise dispose of, property purchased or acquired with funds or grants of the United States of America or any agency or department thereof which have been or shall be deposited in the Unemployment Compensation Administration Fund, if the Director of the Division of Employment Security deems such property surplus, obsolete or no longer suitable for the purposes for which it was intended. The proceeds of any sale of surplus, obsolete or unsuitable property heretofore or hereafter made shall be deposited in the Unemployment Compensation Administration Fund.
L.1955, c. 56, p. 195, s. 1.