N.J. Admin. Code § 19:34A-1.7 - Termination by mutual agreement
The Authority and the district may terminate the section 13(a) delegation agreement when both parties agree that the continuation of the capital maintenance project would not produce beneficial results commensurate with the further expenditure of funds. The Authority and the district shall agree upon the conditions for termination including the date on which the termination shall take effect. The closeout provisions specified in N.J.A.C. 19:34A-3.4 shall apply.
Notes
See: 40 N.J.R. 4735(a), 41 N.J.R. 295(a).
Substituted "Authority" for "Corporation" twice, and substituted "capital maintenance" for "school facilities".
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