SENATE BUDGET AND APPROPRIATIONS COMMITTEE

STATEMENT TO

SENATE, No. 5018

STATE OF NEW JERSEY

DATED:  JANUARY 8, 2026

      The Senate Budget and Appropriations Committee reports favorably Senate Bill No. 5018.

      As reported, this bill authorizes the State Treasurer to sell and convey to Waste Management of New Jersey, Inc. all of the State’s rights, title, and interest in a portion of the property, referred to as Site A, which will contain approximately 10± acres of land and improvements, on the property known as the Mountainview Youth Correctional Facility, in the Township of Clinton, County of Hunterdon.  This portion of the property has been declared surplus to the needs of the State.  The site will be sold and conveyed to Waste Management of New Jersey, Inc. for $3,400,000.

      This bill also authorizes the State Treasurer to sell and convey to the County of Hunterdon all of the State’s rights, title, and interest in a portion of the property, referred to as Site B, which will contain approximately 17.8± acres of land and improvements, along with an access easement.  This portion of the property has also been declared surplus to the needs of the State.  The site will be sold and conveyed to the County of Hunterdon for one dollar.

      The bill requires the State, in consultation with Waste Management of New Jersey, Inc. and the County of Hunterdon, to determine the boundaries of Site A and Site B.  The conveyance of real property by the State Treasurer to Waste Management of New Jersey, Inc. and the County of Hunterdon will not require the approval of the State House Commission or any further approval of the Legislature.  The bill further clarifies that the purchasers will assume all responsibility for any environmental conditions or regulatory requirements associated with the respective properties.

FISCAL IMPACT:

      The Office of Legislative Services concludes that this bill will result in a one-time revenue increase to the State-Owned Real Property Fund of $3,400,001 for the sale of the surplus property to Waste Management of New Jersey, Inc. and Hunterdon County.

      Hunterdon County will experience a concurrent one-time expenditure increase of one dollar.