New Jersey Statutes 58:27-16. Lease of site
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Terms Used In New Jersey Statutes 58:27-16
- Contract: A legal written agreement that becomes binding when signed.
- 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
A contracting unit which has awarded a contract for the provision of wastewater treatment services to a vendor pursuant to this act or the “Local Public Contracts Law,” P.L. 1971, c. 198 (C. 40A:11-1 et seq.) may lease to the vendor, for a fair market price, the property to be used as a site for a wastewater treatment system, the provisions of any other laws or rules and regulations adopted pursuant thereto to the contrary notwithstanding. L. 1985, c. 72, s. 16, eff. March 11, 1985.