N.J. Admin. Code § 19:35-5.5

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

Section 19:35-5.5 - Offer to purchase process for surplus real property: submission of offers to purchase; untimely submissions

(a) Any offers to purchase in response to a Notice of Solicitation of Offers to Purchase shall be submitted during the time, and at the place, specified in the Notice of Solicitation of Offers to Purchase, as the same may be Adopted.

(b) If more than one tract or parcel of surplus real property is included in the Notice of Solicitation of Offers to Purchase, the requirements for submitting an offer to purchase for one, some, or all parcels shall be set forth in the Notice of Solicitation.

(c) Unless otherwise specified in the advertisement or the Notice of Solicitation of Offers to Purchase, an offer to purchase shall not be submitted by telephone, facsimile, or other electronic means.

(d) An offer to purchase received after the close of the period for submitting an offer as specified in the Notice of Solicitation of Offers to Purchase shall be rejected, except in extraordinary circumstances, such as weather emergencies that prevent travel and/or result in the closure of State offices.

N.J. Admin. Code § 19:35-5.5

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