N.J. Admin. Code § 19:35-4.1

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

Section 19:35-4.1 - Methods of disposition of surplus personal property

(a) Whenever, consistent with this chapter, it is determined that the disposition of items of personal property that have been determined to be surplus personal property in accordance with N.J.A.C. 19:35-2.2 is in the best interests of the school construction program and such surplus personal property does not qualify as exempt from the advertising requirements pursuant to N.J.A.C. 19:353.2, the SDA may sell such surplus personal property through a competitive sale to the public after public advertisement through one of the following methods:

1. The solicitation of sealed bids process described at N.J.A.C. 19:35-4.2 through 4.14; or

2. The internet auction process set forth at N.J.A.C. 19:35-4.15.

(b) Surplus personal property may also be disposed of under the direct negotiated sale process set forth at N.J.A.C. 19:35-4.16, if the conditions for such direct negotiated sale have been met.

(c) The disposition of surplus personal property shall be in accordance with the terms and conditions established in this chapter.

(d) If no bids are submitted in response to a Solicitation for Sealed Bids, pursuant to N.J.A.C. 19:35-4.2 through 4.14, or in response to an advertised internet auction pursuant to N.J.A.C. 19:35-4.15, or in the event the surplus personal property cannot be disposed of through direct negotiation pursuant to N.J.A.C. 19:35-4.16, then the surplus personal property may be disposed of through the Department of the Treasury, Surplus Property Unit, or in the most economically feasible manner.

(e) Nothing in this chapter shall prohibit or prevent the SDA from using, or availing itself of, any disposition method as may be otherwise permitted by law or rule.

N.J. Admin. Code § 19:35-4.1

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