N.J.S.A. 54:5-30.1 — Bidding by municipal officers at tax sales

54:5-30.1. Bidding by municipal officers at tax sales Whenever the governing body of a municipality shall by resolution determine that a particular parcel or parcels of real estate, scheduled to be sold at public auction pursuant to the tax sale law, would be useful for a public purpose, it may authorize and direct a municipal official to attend the auction and bid for such parcel or parcels at such sale on behalf of the municipality in the same manner as any other bidder. L.1962, c. 161, s. 1, eff. Aug. 24, 1962.

This is the verbatim text of N.J.S.A. 54:5-30.1, 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.