New Jersey Statutes 18A:3B-57. Policies concerning professional services contracts
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Terms Used In New Jersey Statutes 18A:3B-57
- Board: means the board of education. See New Jersey Statutes 18A:1-1
- 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
12. a. The governing board of a public research university or a State college shall establish policies concerning professional services contracts which, at a minimum, shall include procedures for the review of proposed professional services contracts to verify the need for the proposed services, determine whether conflicts of interest exist between the vendor and the institution, ensure appropriate procurement procedures are utilized, determine whether the proposed compensation is reasonable, and monitor the services delivered by the vendor.
b. The institution shall prepare an annual report on professional services contracts for submission to the institution’s governing board.
L.2009, c.308, s.12.