N.J. Admin. Code § 19:35-5.33

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

Section 19:35-5.33 - Disposition of surplus real property through direct negotiated sale

(a) Surplus real property that does not otherwise qualify as exempt from the advertising requirements pursuant to N.J.A.C. 19:35-5.2may be disposed of for its fair market value through a direct negotiated sale, if the advertisement of the property for offer, bid, or auction did not elicit any viable offers or bids after being the subject of any of the following:

1. A solicitation of offers to purchase pursuant to N.J.A.C. 19:35-5.2;

2. A solicitation of sealed bids pursuant to N.J.A.C. 19:35-5.19; or

3. A disposition through internet auction pursuant to N.J.A.C. 19:35-5.32.

N.J. Admin. Code § 19:35-5.33

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