Requires certain State and municipal record-keeping concerning abandoned property in municipalities electing to take certain action concerning abandoned property.
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Progress
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- Introduced
- Passed General Assembly
- Passed Senate
- To Governor
- Became Law
Overview
This bill aims to improve transparency and accountability regarding abandoned property within New Jersey municipalities. It requires cities and towns that choose to actively manage abandoned property – such as through sales or disposition – to maintain detailed records of the process. These records would track the property’s history, any attempts to locate owners, and the steps taken to handle the abandoned item. The goal is to provide better oversight and ensure abandoned property is handled properly.
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