This bill authorizes the New Jersey Department of the Treasury, on behalf of the Department of Corrections, to sell and convey the former Riverfront State Prison property in Camden, which encompasses 16 acres. The property will be divided into two sites: the NJEDA Site, which will be sold to the New Jersey Economic Development Authority (NJEDA) for either $5 million or its appraised value, and the City Site, which will be sold to the City of Camden for one dollar. The City Site must be preserved for public use as a park or for recreational activities, and the sale will occur in "as is" condition, with no responsibility for repairs or upgrades assumed by the state.

Additionally, the bill states that the sale and conveyance of both sites do not require approval from the State House Commission or the Legislature. It also repeals P.L.2013, c.22, which may have previously governed aspects of this property. The act is set to take effect immediately upon approval, which occurred on March 6, 2025.