New Jersey Statutes 18A:20-6. Public sale; advertisement; exceptions
Current as of: 2024 | Check for updates
|
Other versions
Terms Used In New Jersey Statutes 18A:20-6
- Board: means the board of education. See New Jersey Statutes 18A:1-1
- District: means a school district. See New Jersey Statutes 18A:1-1
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
- State: extends to and includes any State, territory or possession of the United States, the District of Columbia and the Canal Zone. See New Jersey Statutes 1:1-2
18A:20-6. Any lands or rights or interests therein sold by any board of education, except lands conveyed as part of a lease purchase agreement pursuant to N.J.S. 18A:20-4.2(f), shall be sold, after advertisement of public sale, to the highest bidder. A board of education is authorized to use electronic procurement practices in accordance with P.L.2018, c.156 (C. 40A:11-4.7 et al.) for the advertisement of sale or lease of land and real property thereon, and shall also publish advertisement of the sale or lease in a newspaper published in the district, or, if none is published therein, then in a newspaper circulating in the district, in which the same is situate, at least once a week for two weeks prior to the sale, unless:
a. The same are sold to the State, or a political subdivision thereof, in which case they may be sold at private sale without advertisement; or
b. The sale or other disposition thereof in some other manner is provided for in this Title.
amended 1986, c.183, s.2; 2018, c.156, s.8.