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Code · New Jersey · Title 52 — Savings and Loan Associations [Repealed] · Chapter 34A

52:34A-8 Practices included in regulations.

268 words·~1 min read·/nj/title-52/chapter-34a/52-34a-8·

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8. a. Notwithstanding any other law to the contrary, the regulations promulgated by the State Treasurer pursuant to section 5 of P.L.2020, c.59 (C.52:34A-5) shall include, but not be limited to, practices that, notwithstanding any other law to the contrary:
(1)convert the current statutory, regulatory, and policy procedures related to sealed bidding to an electronic procurement environment;
(2)authorize public contracting units to accept commercial standards for electronic forms of bid security; and
(3)establish minimum standards that shall be met by systems and services that provide and administer electronic procurement processes.
b. The State Treasurer shall also consult with: the Attorney General to develop safeguards to protect against collusion and bid rigging; the Division of Purchase and Property and the Division of Property Management and Construction in the Department of the Treasury to develop practices used for electronic procurement; and the Office of Information Technology in, but not of, the Department of the Treasury, to ensure the privacy and security of electronic transactions.
c. Notwithstanding any law, rule, or regulation to the contrary, plans and specifications for public works construction contracts that require the seal and signature of a professional engineer, architect, or land surveyor may be included in an electronic file used for electronic procurement as long as the original document from which the electronic file is derived contains a physical or electronic seal and signature as otherwise required by law. If the State Board of Engineers and Land Surveyors and the New Jersey State Board of Architects adopt rules to permit digital seals and signatures, those rules shall supersede this subsection.
L.2020, c.59, s.8.
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