12:3-47 - Additional consideration for further grant - New Jersey Statutes

12:3-47.  Additional consideration for further grant
    If the board shall determine that the original consideration paid to the state for the supposed grant was not the reasonable, fair and adequate value of  the lands so occupied, as of the date of the supposed grant, the applicant shall pay to the state such additional consideration for a further grant as the  board shall determine to be necessary, in order that the total consideration  received by the state for the lands shall be reasonable, fair and adequate as  of the date of the original supposed grant.