N.J. Admin. Code § 17:49-3.3

Current through Register Vol. 57, No. 1, January 6, 2025

Section 17:49-3.3 - Qualification of public-private partnership advisors

(a) The Office of Public Finance shall pre-qualify and maintain a pool of public-private partnership advisors who shall assist the Department of the Treasury by undertaking a financial and technical review of projects submitted for consideration.

(b) Public-private partnership advisors shall possess the following minimum criteria to qualify for consideration:

1. Participation in at least five public-private partnership projects in this or any other jurisdiction in the last five years;

2. Understanding of land use, construction, redevelopment, and public financing law;

3. Experience with financial modeling, return on investment analysis, risk analysis and allocation, stress testing assessment, conduction of feasibility studies in assessing public-private partnership suitability, market testing, public sector comparability, net present value cost, and comparison development, as well as a review of project life cycle cost and reserve analysis;

4. Ability to provide recommendations on appropriate discount rates and investment measures for projects;

5. Exposure to public infrastructure construction and financing;

6. Experience with construction in New Jersey;

7. Ability to review, summarize, and prepare a summary of legal agreements; and

8. Any additional criteria as determined to be necessary by the Department of the Treasury.

N.J. Admin. Code § 17:49-3.3

Adopted by 52 N.J.R. 898(a), effective 4/20/2020