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 5 - DISPOSITION OF SURPLUS REAL PROPERTY SUBJECT TO ADVERTISING REQUIREMENTS
Section 19:35-5.18 - Offer to purchase process for surplus real property: cancellation of purchase agreement

N.J. Admin. Code § 19:35-5.18

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Current through Register Vol. 57, No. 1, January 6, 2025
Section 19:35-5.18 - Offer to purchase process for surplus real property: cancellation of purchase agreement

Upon any cancellation of the purchase agreement, with the approval of the SDA Chief Executive Officer, or his or her designee, the SDA may, in its discretion, accept the offer of the next highest qualified offeror, or re-advertise the surplus real property for disposition in accordance with any of the methods set forth at N.J.A.C. 19:35-5.1.

N.J. Admin. Code § 19:35-5.18

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