N.J. Admin. Code § 19:35-1.2
Current through Register Vol. 56, No. 21, November 4, 2024
The purpose of this chapter is to establish and prescribe uniform rules and procedures for the disposition of surplus real or personal property. Proceeds from the disposition of surplus real or personal property shall be used to fund school facilities projects, except that proceeds from the disposition of surplus real property acquired under circumstances described at N.J.S.A. 18A:7G-45 will be used to fund school facilities projects in the school district in which the disposed surplus real property is located. No surplus real or personal property disposition shall be made by the SDA, except in accordance with this chapter.
N.J. Admin. Code § 19:35-1.2