Section 18A:64E-18.1 - New Jersey Institute of Technology authorized to participate in cooperative pricing systema. The New Jersey Institute of Technology is authorized to be a participating contracting unit in a cooperative pricing system established pursuant to the laws of this State.b. The university may make purchases and contract for services through the use of a nationally-recognized and accepted cooperative purchasing agreement, including a cooperative purchasing agreement in existence as of the effective date of P.L. 2016, c. 50(C.18A:64-63.1 et al.), in accordance with the provisions of paragraph (3) of subsection b. of section 7 of P.L. 1996, c. 16(C.52:34-6.2).c. The State Treasurer may promulgate rules and regulations pursuant to the "Administrative Procedure Act," P.L. 1968, c.410 (C.52:14B-1 et seq.), which are necessary to effectuate the purposes of this section.Added by L. 2016, c. 50,s. 3, eff. 12/1/2016.