58:30-8 Contract for long-term lease or sale.
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/nj/title-58/chapter-30/58-30-8A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
8. After the proposed contract and proposed use of proceeds have been approved pursuant to subsection c. of section 7 of P.L.2015, c.18 (C.58:30-7), the governing body of the owner may, by resolution adopted by at least two-thirds of its authorized membership, enter into a contract for the long-term lease or sale of the water or wastewater assets with the designated respondent.
L.2015, c.18, s.8.