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.
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