State Codes and Statutes

Statutes > New-jersey > Title-18a > Section-18a-66 > 18a-66-87

18A:66-87.  Purchase provisions during occupancy
    Should such real estate investment be sold to the state during its occupancy  as tenant, the board of trustees of the fund shall accept, in full payment  therefor, as well as for any state lands theretofore conveyed to it in  connection therewith, the total actual cost thereof.  In the event that any  sums shall have been paid to the fund toward amortization of the investment,  the aggregate amount thereof at the time of closing of title shall be credited  against the purchase price.
 
L.1967, c.271.