Authorizes State Treasurer to sell as surplus property certain land and improvements in Town of Morristown in Morris County.

This bill authorizes the State Treasurer to sell a 0.69-acre parcel of land and its improvements at 101 Ridgedale Avenue in Morristown (Morris County) to the Town of Morristown as surplus state property. The land, previously used by the New Jersey Motor Vehicle Commission (MVC) for a vehicle inspection center that closed after hurricane damage, has been declared surplus. The sale price is set at $850,000, with proceeds deposited into a state fund for debt relief or capital projects, following terms approved by the State House Commission. The transaction directly affects the Town of Morristown (as the buyer) and the state (as the seller and recipient of funds).