New Jersey S3437 allows public libraries, boards of education, and local governments to dispose of certain personal property without advertising for.

New Jersey S3437 amends the "Public School Contracts Law" and the "Local Public Contracts Law" to allow boards of education and local governments to dispose of certain personal property without advertising for bids. Specifically, if the estimated fair value of the property is no less than 15 percent of the bid threshold but no greater than the bid threshold, the board of education or local governing body may sell the property by private sale if at least two competitive offers are obtained.

New Jersey S3437 allows public libraries, boards of education, and local governments to dispose of certain personal property without advertising for.

New Jersey S3437 amends the "Public School Contracts Law" and the "Local Public Contracts Law" to allow boards of education and local governments to dispose of certain personal property without advertising for bids. Specifically, if the estimated fair value of the property is no less than 15 percent of the bid threshold but no greater than the bid threshold, the board of education or local governing body may sell the property by private sale if at least two competitive offers are obtained.