N.J.S.A. 43:21-24.1 — Sale of surplus, obsolete or unsuitable property; disposition of proceeds

43:21-24.1. Sale of surplus, obsolete or unsuitable property; disposition of proceeds At the request of the Director of the Division of Employment Security, the Director of the Division of Purchase and Property may sell, either at public or private sale, or otherwise dispose of, property purchased or acquired with funds or grants of the United States of America or any agency or department thereof which have been or shall be deposited in the Unemployment Compensation Administration Fund, if the Director of the Division of Employment Security deems such property surplus, obsolete or no longer suitable for the purposes for which it was intended. The proceeds of any sale of surplus, obsolete or unsuitable property heretofore or hereafter made shall be deposited in the Unemployment Compensation Administration Fund. L.1955, c. 56, p. 195, s. 1.

This is the verbatim text of N.J.S.A. 43:21-24.1, retrieved from the New Jersey Legislature's public statute corpus. Statutes are amended periodically — for the most current version, check the external source link above. Kyzer is not a law firm and this page is not legal advice.