New Jersey § 13:1b-13
Full text of New Jersey New Jersey Statutes § 13:1b-13, with citation guidance and answers to common questions.
§ 13:1b-13.
The council shall investigate any application for a lease, license or permit in the
meadowlands and if the council is satisfied that such a lease, license or permit will
be in the public interest, or if the council approves the giving of a lease, license
or permit in lieu of the conveyance applied for, the annual rental for the leasehold
interest or the fee for the license or permit, shall be fixed based upon the fair
market value of the land owned by the State or the value of any interest the State
may have in said premises at the time of the lease, license or permit, upon such terms
and conditions as the council may deem appropriate. In determining such annual rental the Council shall take into account the actions
of a claimant under color of title who in good faith made improvements or paid taxes,
or both, on the lands in question. The lessee shall have the option of acquiring, if the council approves, a conveyance
of the State's interest at any time during the term of the lease or any extension. In fixing the consideration for said conveyance, the council and the appropriate
State officers shall determine the fair market value of the property and the State's
interest therein at the start of the lease and shall give a reasonable credit for
the rental paid by the lessee during the term of the lease or any extension thereof.
Frequently Asked Questions About New Jersey § 13:1b-13
What does New Jersey Statutes § 13:1b-13 cover?
Section 13:1b-13 is part of the New Jersey Statutes, the codified statutory law of New Jersey. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite New Jersey § 13:1b-13?
A common citation format is "New Jersey Statutes § 13:1b-13" (New Jersey). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of New Jersey law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the New Jersey official source linked on this page or consult a licensed New Jersey attorney.
How does New Jersey § 13:1b-13 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in New Jersey can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in New Jersey.