New Jersey § 26:2i-23

§ 26:2i-23.

In order to provide new health care organizations and to enable the construction and

financing thereof, to refinance indebtedness hereafter created by the authority for

the purpose of providing one or more health care organizations or additions or improvements

thereto or modernization thereof or for any one or more of said purposes but for no

other purpose unless authorized by law, each of the following bodies shall have the

powers hereafter enumerated to be exercised upon such terms and conditions, including

the fixing of fair consideration or rental to be paid or received, as it shall determine

by resolution as to such property and each shall be subject to the performance of

the duties hereafter enumerated, that is to say, the Department of Health as to such

as are located on land owned by, or owned by the State and held for, any State institution

or on lands of the institutions under the jurisdiction of the Department of Health

or of the Department of Human Services, or by the authority, the Commissioner of Human

Services as to State institutions operated by that department, the board of trustees

or governing body of any public health care organization, the board of governors of Rutgers, The State University , as to such as are located on land owned by the university, or by the State for the

university, the State or by the particular public health care organization, respectively,

namely: a. The power to sell and to convey to the authority title in fee simple in any such

land and any existing health care facility thereon owned by the State and held for

any department thereof or of any of the institutions under the jurisdiction of the

Department of Health or the power to sell and to convey to the authority such title

as the State or the public health care organization, respectively, may have in any

such land and any existing health care facility thereon. b. The power to lease to the authority any land and any existing health care facility

thereon so owned for a term or terms not exceeding 50 years each. c. The power to lease or sublease from the authority, and to make available, any such

land and existing health care facility conveyed or leased to the authority under subsections

a. and b. of this section, and any new health care facility erected upon such land

or upon any other land owned by the authority. d. The power and duty, upon receipt of notice of any assignment by the authority of

any lease or sublease made under subsection c. of this section, or of any of its rights

under any such lease or sublease, to recognize and give effect to such assignment,

and to pay to the assignee thereof rentals or other payments then due or which may

become due under any such lease or sublease which has been so assigned by the authority.