N.J. Admin. Code § 19:31C-2.12

Current through Register Vol. 56, No. 19, October 7, 2024
Section 19:31C-2.12 - Verification of sealed bid or offer to purchase

FMERA may seek information outside of the sealed bid or offer to purchase to verify the accuracy and responsiveness of the sealed bid or offer to purchase, and whether the potential purchaser(s) is responsible. FMERA may request such information from the potential purchaser(s), from public records, or from others familiar with the potential purchaser(s). Such information may clarify, but not modify, a sealed bid or offer to purchase. Such investigation may include, but shall not be limited to, contacting the potential purchaser surety companies, financial institutions, and review of corporate or personal financial records, reports and statements.

N.J. Admin. Code § 19:31C-2.12