This bill authorizes the Department of the Treasury to sell and convey a surplus property located at 200 Sanatorium Road in the Township of Lebanon, Hunterdon County. The property, which includes 57,462 square feet of land and improvements, is identified as Block 9, Lot 7 on the local tax map and was previously known as Building 33, or East Hall, of the Hagedorn Psychiatric Hospital. The sale is designated to be made to GShack Group, LLC for an appraised value of $570,000.

The execution of the sale will adhere to terms and conditions established by the State House Commission. The bill is set to take effect immediately upon passage, reflecting the state's decision to divest from this property, which is deemed surplus to its needs.