This bill authorizes the State Treasurer to sell two specific parcels of State-owned land in Mercer County to the county itself for a nominal fee of one dollar each. The properties in question are located in the City of Trenton on Lamberton Street and in the Township of Lawrence on Lawrence Station Road, the latter being known as the Mercer County Fire Academy Dempster Fire Training Center. The sale will proceed under terms and conditions approved by the State House Commission.

The Office of Legislative Services (OLS) estimates that this transaction will generate a one-time revenue increase of two dollars for the State-Owned Real Property Fund, corresponding to the sale price of the two properties. Concurrently, Mercer County will incur a one-time expenditure increase of two dollars. Under existing law, revenues from State property sales are typically directed to the State-Owned Real Property Fund unless specified otherwise, which is not the case in this bill.