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 19:35-5.29 - Sealed bid process for surplus real property: bid deposit

N.J. Admin. Code § 19:35-5.29

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Current through Register Vol. 57, No. 1, January 6, 2025
Section 19:35-5.29 - Sealed bid process for surplus real property: bid deposit
(a) Sealed bids submitted in response to a Notice of Solicitation of Sealed Bids shall be accompanied by a bid deposit if required under the terms of the Notice of Solicitation of Sealed Bids.
(b) When required, a bid deposit pursuant to this section shall be submitted in the form set forth in the Notice of Solicitation of Sealed Bids, or, if not specified therein, by certified check, bank or cashier's check, or executed money order payable to the "New Jersey Schools Development Authority" or any successor entity.
(c) Failure to comply with bid deposit requirements shall result in rejection of the bid.

N.J. Admin. Code § 19:35-5.29

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