New Jersey A5032 requires SDA districts to solicit at least three lease proposals before entering into a lease agreement with a developer for a new.

New Jersey A5032 mandates that SDA districts solicit at least three lease proposals before entering into a lease agreement with a developer for the construction and lease of a new school building. The school business administrator must prepare a request for lease agreement proposals, which includes necessary requirements for fair competition, information for proposal submission, and a methodology for evaluating proposals. The board of education must publish a notice of the request's availability in an official newspaper at least 30 days before the proposal submission deadline.

New Jersey A5032 requires SDA districts to solicit at least three lease proposals before entering into a lease agreement with a developer for a new.

New Jersey A5032 mandates that SDA districts solicit at least three lease proposals before entering into a lease agreement with a developer for the construction and lease of a new school building. The school business administrator must prepare a request for lease agreement proposals, which includes necessary requirements for fair competition, information for proposal submission, and a methodology for evaluating proposals. The board of education must publish a notice of the request's availability in an official newspaper at least 30 days before the proposal submission deadline.