2023 New Jersey Statutes 18A:3B-6.2. Regulation of purchase of certain real property by representative of public institution of higher education
b. The public institution of higher education shall submit a report to the Governor, the Legislature pursuant to section 2 of P.L.1991, c.164 (C. 52:14-19.1), the Secretary of Higher Education, and the State Comptroller, on the purchase of real property the cost of which is equal to or greater than the amount set forth in paragraph (1) of subsection b. of section 10 of P.L.2007, c.52 (C. 52:15C-10). The report shall be filed within five days following the submission of the institution’s binding offer to the seller for the purchase of the real property. The report shall be in addition to any notice of award or notice of the commencement of any procurement process that is required to be provided to the State Comptroller in accordance with section 10 of P.L.2007, c.52 (C. 52:15C-10).
c. Nothing in this act shall be construed to compel any action on the part of a public institution of higher education that is governed pursuant to N.J.S. 18A:65-1 et seq.
L.2017, c.30, s.1.