Statutes, codes, and regulations
New Jersey Administrative Code
Title 19 - OTHER AGENCIESNEW JERSEY SCHOOLS DEVELOPMENT AUTHORITYChapter 35 - DISPOSITION OF SURPLUS REAL AND PERSONAL PROPERTY OF THE NEW JERSEY SCHOOLS DEVELOPMENT AUTHORITY
Subchapter 2 - DISPOSITION OF SURPLUS PROPERTY
Section 19:35-2.4 - Requirements for declaring property as surplus property

N.J. Admin. Code § 19:35-2.4

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Current through Register Vol. 57, No. 1, January 6, 2025
Section 19:35-2.4 - Requirements for declaring property as surplus property
(a) All declarations that real or personal property is surplus property shall be based upon a written recommendation prepared by appropriate SDA staff, which shall set forth the factual information that supports a determination pursuant to N.J.A.C. 19:35-2.2 or 2.3, as applicable.
(b) All recommendations that real property be declared surplus shall be submitted to the Board for approval of the declaration.
(c) Recommendations that personal property be declared surplus shall be submitted to the Chief Executive Officer, or his or her designee, for approval of the declaration, when the estimated value of the personal property does not exceed $ 500,000.
(d) Recommendations that personal property be declared surplus shall be submitted to the Board for approval of the declaration, when the estimated value of the personal property exceeds $ 500,000.

N.J. Admin. Code § 19:35-2.4

Adopted by 54 N.J.R. 647(a), effective 4/4/2022