S - 4114
    would increase the 
   maximum
    lease in a public - private partnership from 30 years to 40 years
    . According to the bill statement
    ,
    the purpose of 
   increasing the term is to make the lease duration consistent with the period of usefulness under the Local Bond Law .
    
    
   The bill , which would take effect 
   immediately
    , now awaits consideration by the full Senate .  
    
   Contact:
    Lori Buckelew , Deputy Executive Director & Director of Government Affairs ,  
   lbuckelew@njlm . org
    , 609 - 695 - 3481 , x112 .
   

Press release information :

Direct link to press release: Click here .

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