40:61-36. Leasing of parks, etc. authorized; period of leases. 40:61-36. The governing body of every municipality bordering on the Atlantic Ocean may lease, rent or hire, the whole or any part of any public parks, recreation grounds or places of public resort, owned by it and not presently needed by the municipality for municipal purposes, or any building or portion thereof located therein for any period not exceeding: a. 10 years for any waterfront property bordering on the ocean, tidal water bays or rivers, or easement rights therein; and b. 25 years for any property not bordering on the ocean, tidal water bays or rivers, or easement rights therein, or which property is not related to waterfront activities or concessions. Amended by L.1959, c. 6, p. 47, s. 1, eff. Feb. 11, 1959; amended 2023, c.332.
New Jersey Legal Code