New Jersey Statutes Annotated (Tax)
N.J.S.A. § 54:50-30
Sale, transfer, assignment to highest bidder
2. All sales, transfers or assignments of indebtedness and liens represented by certificates of debt shall be to the highest bidder after public advertisement for bids therefor. Specifications and invitations for bids shall permit such full and free competition as is consistent with what will be most advantageous to the State based upon a present value analysis taking into account the likelihood of the State collecting the indebtedness within a reasonable time and other factors as the State Treasurer may determine. Notice for bids shall be in such manner selected by the State Treasurer as will best give notice thereof to bidders and shall be sufficiently in advance of the sales, transfers or assignment to promote competitive bidding. Any or all bids may be rejected if the State Treasurer determines that it is in the public interest to do so.
L.1998,c.39,s.2.
Source: view the official text
In this chapter (40 sections)
- 54:50-8 · Confidentiality
- 54:50-9 · Certain officers entitled to examine records
- 54:50-9.1 · Report to aid study of past, present discrimination in…
- 54:50-10. · Reports preserved for two years
- 54:50-13. · Merger, consolidations; dissolutions; conditions
- 54:50-14. · Certificates, various; Secretary of State's duties
- 54:50-19. · Repeals
- 54:50-20. · Tax preparer to sign return, provide tax identification…
- 54:50-21. · Failure to follow provisions of State Tax Uniform Procedure…
- 54:50-22. · Reproduction admissible in evidence
- 54:50-23. · Write off of debts classified uncollectible
- 54:50-24 · Definitions relative to State agency information
- 54:50-25. · Information required by State agency
- 54:50-26 · Information furnished by State agency
- 54:50-26.1 · Preliminary notice to business entity
- 54:50-26.2 · Responsibility of State agency concerning identification…
- 54:50-26.3 · Review, verification of tax compliance status
- 54:50-27 · Information, report not government record, confidentiality
- 54:50-28 · Issuance of alcoholic beverage retail licensee clearance…
- 54:50-29 · Authority to sell, transfer, assign right, title, interest…
- 54:50-30 · Sale, transfer, assignment to highest bidder
- 54:50-31 · Entitlement to remedies
- 54:50-32 · Provision of taxpayer information, confidentiality
- 54:50-33 · Warrant of satisfaction
- 54:50-34 · Deposit of proceeds
- 54:50-35 · Authority of director
- 54:50-36 · Immunity from damages
- 54:50-37 · Definitions relative to reporting of certain account…
- 54:50-38 · Notification to director of proposed sale, transfer,…
- 54:50-39 · Tax clearance certificate required for certain awards;…
- 54:50-41. · Out-of-State businesses and employees performing disaster…
- 54:50-42. · Payment of State and local transaction taxes, fees;…
- 54:50-44. · Written statement of out-of-State business
- 54:50-45. · Compliance with registration, licensing, and filing…
- 54:50-46. · Rules, regulations
- 54:50-47 · Definitions
- 54:50-48 · Adjustment reports, federal taxable income, general
- 54:50-49 · Adjustment reports, partnership-level audit, administrative…
- 54:50-50 · Assessment, additional tax, interest, penalties
- 54:50-51 · Estimated payments, pending audit