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Terms Used In New Jersey Statutes 32:11E-1.4

  • Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
1. For the purposes of complying with the provisions of section 1 of P.L.1989, c.191 (C. 32:11E-1.1) the Delaware River and Bay Authority created pursuant to the “Delaware-New Jersey Compact,” enacted pursuant to 53 Laws of Delaware, Chapter 145 (17 Del. C.1701 et seq.) and P.L.1961, c.66 (C. 32:11E-1 et seq.) with the consent of the Congress of the United States in accordance with Pub.L.87-678 (1962), is authorized, pursuant to the procedures set forth in section 1 of P.L.1989, c.191 (C. 32:11E-1.1), to undertake a project to lease the property and manage the operations of the Cape May County Airport/Industrial Park, located in the Township of Lower, Cape May County, from the County of Cape May, which shall be considered a project of the authority as defined pursuant to Article II of the “Delaware-New Jersey Compact,” P.L.1961, c.66, as amended by to P.L.1989, c.192 (C. 32:11E-1 et seq.), which project shall continue to maintain airport operations, as well as an industrial park, in that location.

L.1995,c.362,s.1.