N.J. Admin. Code § 6A:23A-21.3

Current through Register Vol. 56, No. 11, June 3, 2024

Section 6A:23A-21.3 - Public sale of bonds

(a) A district board of education may accept a financial surety bond in lieu of a certified, cashier's, or treasurer's check as a bid deposit pursuant to N.J.S.A. 18A:24-41.a, and in accordance with the rule adopted by the Local Finance Board at N.J.A.C. 5:30-2.10.

(b) A district board of education may choose to conduct the public sale of bonds through the submission of electronic bids or proposals, as authorized at N.J.S.A. 18A:24-36.a, and in accordance with the rules adopted by the Department of Community Affairs at N.J.A.C. 5:30-2.9 and 2.10.

Amended by 49 N.J.R. 1079(a), effective 5/1/2017