New Jersey § 18a:7g-45
Full text of New Jersey New Jersey Statutes § 18a:7g-45, with citation guidance and answers to common questions.
§ 18a:7g-45.
a. In the event that the development authority funds 100% of the cost of the acquisition
of land for the construction of a school facilities project and as a result of the
construction of that project a school building located in the district and the land
upon which the school building is situate are no longer necessary for educational
purposes, title to the land together with the school building on the land shall be
conveyed to and shall vest in the New Jersey Schools Development Authority established
pursuant to section 3 of P.L.2007, c. 137 ( C.52:18A-237 ) when it is determined by the development authority that such conveyance is in the
best interest of the development authority. The district shall execute any documents including, but not limited to, a deed of
conveyance necessary to accomplish the transfer of title. b. The development authority may retain or sell the land and buildings on that land
acquired pursuant to subsection a. of this section. In the event the development authority elects to sell, it shall use a competitive
process. The proceeds of that sale shall be applied to the costs of school facilities projects
of the district. c. The transfer of title pursuant to subsection a. of this section shall occur in
accordance with a schedule determined by the development authority. The schedule may provide that the transfer occur prior to the completion of the
construction of the new school facilities project if the development authority deems
it necessary in order to complete additional school facilities projects within the
district.
Frequently Asked Questions About New Jersey § 18a:7g-45
What does New Jersey Statutes § 18a:7g-45 cover?
Section 18a:7g-45 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 § 18a:7g-45?
A common citation format is "New Jersey Statutes § 18a:7g-45" (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 § 18a:7g-45 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.