New Jersey Statutes 52:20-13. Acquisition of property in Trenton
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Terms Used In New Jersey Statutes 52:20-13
- Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
- 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
The commission may acquire any property by gift, grant, purchase, condemnation or in any other lawful manner in the name of and for the use of the state, for the purpose of the administration of the state’s business in the city of Trenton, in accordance with appropriations made therefor when moneys are required for the purchase.