This bill authorizes the State Treasurer to sell and convey two parcels of surplus real property located at the Mountainview Youth Correctional Facility in Clinton Township, Hunterdon County. The first parcel, referred to as Site A, consists of approximately 10 acres and will be sold to Waste Management of New Jersey, Inc. for $3,400,000. The second parcel, known as Site B, encompasses approximately 17.8 acres and will be sold to the County of Hunterdon for the nominal price of one dollar. The bill stipulates that both sites have been declared surplus to the needs of the State and outlines that the State will not be responsible for any repairs or environmental compliance obligations associated with the properties after the sale.

Additionally, the bill mandates that the Department of the Treasury, in consultation with Waste Management of New Jersey, Inc. and the County of Hunterdon, will determine the specific boundaries of Site A and Site B prior to the sale. Importantly, the conveyance of these properties will not require approval from the State House Commission or further legislative consent. The bill emphasizes that both purchasers will be solely responsible for adhering to all applicable environmental laws and regulations related to their respective properties.