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Bill

A 4707

Authorizes State Treasurer to sell as surplus certain real property and improvements in City of Camden in Camden County.

2024-2025 Regular Session Introduced by Pam Lampitt and 6 co-sponsors

New Jersey law authorizes the State Treasurer to sell state-owned Camden real property and buildings as surplus assets to generate revenue and enable private development.

Approved P.L.2025, c.30.
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Bill Summary · A 4707

Legislative bill overview

Bill A 4707 authorizes New Jersey's State Treasurer to sell certain state-owned real property and buildings located in Camden as surplus assets. The bill passed both chambers of the legislature and was signed into law in March 2025, enabling the state to divest from these Camden properties.

Why is this important

Camden, a financially struggling city, could benefit from property sales that generate state revenue or encourage private development and tax base expansion. The sale of underutilized state assets can free up capital for other priorities while potentially stimulating local economic activity through new private ownership and development.

Potential points of contention

  • Loss of public assets: Selling state property reduces the public sector's real estate holdings in Camden, potentially limiting future government flexibility or community facility opportunities
  • Development concerns: Without clear restrictions, private purchasers may develop properties in ways misaligned with community needs or may leave sites vacant for speculation
  • Revenue allocation: The bill doesn't specify how proceeds will be used, raising questions about whether funds will benefit Camden residents or be absorbed into general state coffers

Compiled from official sources — confirm details with the bill’s official record.

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