Bill
S 2324
Bill S 2324 streamlines the sale of unused state properties, enhancing efficiency and transparency while directing proceeds to community projects and infrastructure.
Bill Number: S 2324
Title: Relates to the sale or transfer of certain real property by the state or public authorities
Status: Referred to Governmental Operations
Introduced: January 16, 2025
Classification: Bill
Bill S 2324 aims to streamline the process by which the state or public authorities can sell or transfer certain real property. The intent is to enhance efficiency in property transactions, potentially leading to better management of state assets and improved financial returns from property sales.
Authority for Sale/Transfer: The bill grants state agencies and public authorities clearer authority to sell or transfer real property that is no longer needed for public use.
Streamlined Process: It establishes a more straightforward process for evaluating and approving property sales, reducing bureaucratic hurdles that can delay transactions.
Public Notification: The bill includes provisions for public notification regarding the sale or transfer of properties, ensuring transparency in the process.
Use of Proceeds: Proceeds from the sale or transfer of real property are to be allocated to specific state funds or programs, promoting reinvestment into community projects or state infrastructure.
State Agencies and Public Authorities: These entities will benefit from a more efficient process for managing and disposing of real property.
Local Communities: Communities may see improvements in local infrastructure and services funded by the proceeds from property sales.
Potential Buyers: Individuals or organizations interested in purchasing state-owned properties will have clearer guidelines and processes to follow.
January 16, 2025: Bill introduced and referred to the Committee on Corporations, Authorities and Commissions.
February 3, 2025: The bill was reported for the second time, indicating progress through the legislative process.
February 4, 2025: Advanced to third reading, a critical step before a final vote.
February 24, 2025: The bill passed the Senate and was delivered to the Assembly for further consideration.
February 24, 2025: Referred to the Assembly Committee on Governmental Operations for review.
This bill is related to several prior-session bills that address similar issues regarding the management and sale of state properties, including:
- S 897
- S 446
- S 5908
- S 1526
- S 2759
- S 3151
- S 1104
- A 5009 (companion bill)
Bill S 2324 represents a significant step towards improving the efficiency and transparency of real property transactions conducted by the state and public authorities. By clarifying the process and ensuring that proceeds are used effectively, the bill aims to enhance the management of state assets and benefit local communities.
Compiled from official sources — confirm details with the bill’s official record.
Sign in to ask a question.
