54:4-3.6e. Leased school district property
43 words·~1 min read·
/nj/title-54/chapter-4/54-4-3-6e·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Whenever a portion of school district property is leased to an organization other than those described in R.S. 54:4-3.3, that portion shall be subject to taxation and the remaining portion only shall be exempt.
L.1983, c. 262, s. 2, eff. July 7, 1983.