N.J. Admin. Code § 6A:26-10.10

Current through Register Vol. 56, No. 17, September 3, 2024

Section 6A:26-10.10 - Limitation on multiyear leases of facilities

All multiyear leases of facilities, including one- or two-year extensions, shall contain a clause making them subject to the availability and appropriation annually of sufficient funds as may be required to meet the extended obligation, or shall contain an annual cancellation clause.

New Rule, R.2004 d.214, effective 6/7/2004.
See: 36 N.J.R. 243(a), 36 N.J.R. 2733(a).
Amended by R.2013 d.145, effective 12/16/2013.
See: 45 N.J.R. 1026(a), 45 N.J.R. 2557(a).
Substituted "one- or two-year" for "any two-year or one-year", and inserted "shall".