The bill authorizes the New Jersey Department of the Treasury to sell and convey the state's interest in the Central Park School property, which encompasses 10.01 acres located at 5 Jean Street in Morris Township, Morris County. The property will be sold to the Morris County Educational Services Commission for the nominal sum of one dollar. The sale will be conducted in accordance with terms and conditions approved by the State House Commission.

This act is set to take effect immediately upon approval, which was granted on September 12, 2024.