Section 52:18A-191.5 - Committee approval required for lease agreementsNo lease agreement negotiated by the Office of Leasing Operations shall be valid without the prior written approval of the State Leasing and Space Utilization Committee. The office shall submit to the committee prior to its consideration of a lease agreement:
a. the approved State agency space planning request;b. a statement setting forth the terms and conditions of the lease agreement;c. a statement setting forth the cost of the leased space, including the cost of rent, taxes, renovations and other costs involved in the lease agreement;d. a statement from the Attorney General that the lease agreement is not in conflict with any applicable State or federal law or regulation;e. a statement certifying that on the basis of a comparison of costs and an analysis of financing, the lease agreement is cost effective and in compliance with the space utilization master plan;f. a statement certifying that the office advertised for bids for lease agreements and that the lease agreement under consideration is the most cost effective; andg. a statement from the Director of the Division of Budget and Accounting in the Department of the Treasury certifying that funds have been appropriated to the Office of Leasing Operations to cover all costs associated with the lease, including the cost of renovations, for the fiscal year.