New Jersey Administrative Code
Title 17 - TREASURY - GENERAL
Chapter 49 - PUBLIC-PRIVATE PARTNERSHIPS RULES
Subchapter 8 - STATE GOVERNMENT ENTITY PROCEDURES AND REQUIREMENTS
Section 17:49-8.4 - Unsolicited proposals

Universal Citation: NJ Admin Code 17:49-8.4

Current through Register Vol. 56, No. 18, September 16, 2024

(a) A State governmental entity may accept unsolicited proposals from private entities for public-private partnership agreements. A State government entity shall develop a process for accepting unsolicited proposals in expectation of receipt of an unsolicited proposal.

(b) An unsolicited proposal shall include, at a minimum, the following:

1. A description of the proposed public-private project, including the State government entity need to be fulfilled by the proposed project;

2. The estimated construction and life-cycle costs;

3. A timeline for development;

4. The proposed plan of financing, including projected revenues, public or private, debt, equity investment, and a description of how the project meets needs identified in existing plans;

5. An identification of the permits, approvals, and/or variances needed from local, State, and/or Federal agencies in order to develop the project;

6. A projected schedule for obtaining such permits and approvals; and

7. A statement of risks, liabilities, and responsibilities to be assumed by the private entity.

(c) A private entity submitting an unsolicited proposal shall provide a copy in which all proprietary information has been redacted, so that the description of the proposed public-private project may be shared publicly. In the event that a redacted copy is not provided, all materials shall be considered releasable.

(d) In the event that an unsolicited proposal is received, a State government entity's governing body shall determine, on the record, whether the following factors have been met:

1. There is a public need for the project and the project is consistent with existing long-term plans;

2. The project will cost less than a public sector option, or if it costs more, there are factors that warrant the additional expense;

3. There are specific significant benefits to the project;

4. There are specific significant benefits to using the public-private partnership instead of other options including No-Build;

5. The private development will result in timely and efficient development and operation; and

6. The risks, liabilities, and responsibilities transferred to the private entity provide sufficient benefits to warrant not using other means of procurement.

(e) If the State government entity determines that the unsolicited proposal meets the above factors, the entity shall give notice to the public of an opportunity to submit competing proposals to be considered in comparison to the proposed project outlined in the unsolicited proposal. The State government entity shall:

1. Publish a notice of the receipt of the proposal on the Internet site of the State governmental entity and through advertisement in at least one newspaper with Statewide circulation;

2. Provide notice of the proposal at its next scheduled public meeting of the State governmental entity and to the State Treasurer. The notice shall specify the standards for evaluation and ranking of any proposals received in response to the notice;

3. Provide notice that the State government entity shall accept, for 120 days after the initial date of publication, proposals meeting the standards outlined in the unsolicited proposal from other private entities for eligible projects that satisfy the same basic purpose and need; and

4. Mail a copy of the notice to each municipal and county local government body in the geographic area affected by the proposal.

(f) After the 120 days of public notice have expired and any additional proposals have been received, the State government entity shall rank the proposals in order of preference.

(g) If no proposals are received in addition to the unsolicited proposal, then the State governmental entity shall negotiate in good faith and, if not satisfied with the results of the negotiations, the State governmental entity may, at its sole discretion, terminate negotiations.

(h) All unsolicited proposals shall be subject to the requirements of N.J.A.C. 17:49-8.2 and 8.3.

Disclaimer: These regulations may not be the most recent version. New Jersey may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.