N.J. Admin. Code § 17:11-2.3

Current through Register Vol. 56, No. 23, December 2, 2024

Section 17:11-2.3 - Negotiations of leases; general

(a) Except as set forth below, after DPMC approves an SPR, it shall negotiate all proposed lease agreements on behalf of the State.

(b) In the event the anticipated cost of a proposed lease agreement does not exceed the time and cost limits established by 52:25-23 for temporary needs less than 12 consecutive months, the proposed lease agreement may be negotiated by the using agency. However, the proposed lease agreement must be approved by DPMC prior to execution of a binding lease.

N.J. Admin. Code § 17:11-2.3

Amended by R.2008 d.228, effective 8/4/2008.
See: 40 N.J.R. 598(a), 40 N.J.R. 4599(a).
Substituted "DPMC" for "DPM&C" throughout.