N.J. Admin. Code § 19:35-4.13

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

Section 19:35-4.13 - Sealed bid process for surplus personal property: payment of balance of bid price

(a) Following the issuance of a Notice of Award, the successful bidder shall:

1. Pay the balance of the bid price in the manner, and within the time, as set forth in the Notice of Award; and

2. Take possession of the surplus personal property within the time, and in the manner, as set forth in the Notice of Award.

(b) If the manner of payment is not specified, payment shall be by certified check, bank check, cashier's check, or money order made payable to the "New Jersey Schools Development Authority" or any successor entity.

N.J. Admin. Code § 19:35-4.13

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