Authorizes State Treasurer to sell as surplus certain real property and improvements in Borough of Lodi in Bergen County.

This bill authorizes the State Treasurer to sell the Lodi Armory (4.01 acres of land and improvements) in Bergen County to Bergen County as surplus property. The State will receive $4.1 million for the sale, and Bergen County must lease back approximately 6,000 square feet of the building (designated as the "Motor Vehicle Storage Building") to the State for continued use. The sale and leaseback terms must be approved by the State House Commission. This directly affects the State (as seller), Bergen County (as buyer), and the Lodi Armory property.