New Jersey Panel Announces Recommendations on Valuing State Leases

Author: Cynthia L.M. Holland, Esq. View article Concerns following lease negotiations between the State of New Jersey and Tennessee Gas Company in 2010 prompted the New Jersey Department of Environmental Protection to create an inter-agency panel, comprised of ten separate entities, tasked with evaluating the State’s leasing programs. On August 18, 2011, the panel released its report detailing new policy recommendations for valuing leases of State lands.