New Jersey § 52:18a-78
Full text of New Jersey New Jersey Statutes § 52:18a-78, with citation guidance and answers to common questions.
§ 52:18a-78.
a. No lease agreement entered into for space in any project shall be executed without
prior written approval of the presiding officers, or such other officers as may be
provided by law, of both houses of the Legislature. b. The authority shall submit the following to the presiding officers, or other officers
as provided by law, where the lease agreement is a part of a sale by the authority
to a person, firm, partnership or corporation for lease, rental or sublease to a State
agency: (1) A statement setting forth the terms and conditions of the sale and lease, rental
or sublease; (2) A statement from the Attorney General that the obligations of the State or authority
in the lease, sublease or sales agreement are not in conflict with any applicable
State or federal law or regulations; and (3) A certification from the State Treasurer that on the basis of a comparison of
costs and an analysis of the financing, which shall also be submitted, the sale and
lease, rental or sublease is more advantageous to the State than the ownership of
a project by the authority for lease, rental or sublease to State agencies, under
the conditions and assumptions prevailing at the time of certification.
Frequently Asked Questions About New Jersey § 52:18a-78
What does New Jersey Statutes § 52:18a-78 cover?
Section 52:18a-78 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 § 52:18a-78?
A common citation format is "New Jersey Statutes § 52:18a-78" (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 § 52:18a-78 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.