N.J. Stat. § 58:30-8
Contract for long-term lease or sale
New Jersey · New Jersey Statutes Title 58 — Waters and Water Supply · Status: effective
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- Citation
- N.J. Stat. § 58:30-8, Contract for long-term lease or sale, New Jersey, version 1 as recorded 2026-09-28, yourstate.us, https://yourstate.us/provision/1486444
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Full text
8. After the proposed contract and proposed use of proceeds have been approved pursuant to subsection c. of section 7 of P.L.2015, c.18 (C.58:30-7), the governing body of the owner may, by resolution adopted by at least two-thirds of its authorized membership, enter into a contract for the long-term lease or sale of the water or wastewater assets with the designated respondent.