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NJ S4553
Bill
Status
6/2/2025
Primary Sponsor
Paul Sarlo
Click for details
AI Summary
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Authorizes the Department of the Treasury to grant a 30-year temporary deed of easement for 0.5175± acres of State-owned land at the Sea Girt National Training Center (Block 106, Lot 1) in Monmouth County
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Grants the easement to Confluence Networks LLC for use of existing underground telecom infrastructure to install a new submarine cable system
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Sets a one-time fee of $1,120,230 for the easement, based on appraised value
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Requires the easement to be executed in accordance with terms and conditions approved by the State House Commission, which approved the easement at its November 20, 2023 meeting
Legislative Description
Authorizes State Treasurer to grant temporary deed of easement in Borough of Sea Girt in Monmouth County.
Substituted by another Bill
Last Action
Substituted by A4178
6/30/2025