answers
(BLANK) provides a strict construction approach of state supremacy over local
government. Municipal corporations possess those powers granted by state
legislatures. Ans✓✓✓ dillions rule
3 Requirements for the Adoptions of a Bond Ans✓✓✓ 1. A Capital Budget has
already adopted a capital budget as part of the annual budget
2. If prior the final adoption of the annual budget, by adoption of a temporary
capital budget which subsequently shall be included in the annual budget
3. If a need is determined after adoption of the annual budget, by adoption of a
capital budget or an amendment to the capital budget.
5 factors affecting the organizational placement and management role of
centralized purchasing Ans✓✓✓ organizational/management philosophy
political environment
resources
custom
size purchasing operation
6 Methods of Disposition Ans✓✓✓ sealed bids
public auctions
transfers
trade-ins
sales to other local contracting units
E-Government
, a bid bond provides a vender will enter the contract Ans✓✓✓ true
A municipality may alter a budget appropriation which is no longer needed during
its budget year with? Ans✓✓✓ Change in text and title resolution
a simply promise given by a seller to a buyer that goods are quality & will conform
to certain standards Ans✓✓✓ warranty
Advertisement must appear how many days before bid? Ans✓✓✓ 10
Advertisement must happen how many days before a bid, except of solid waste is
how many days? Ans✓✓✓ 10 days, solid waste 60days
advertising/bidding not needed for sale or disposition of property selling to?
Ans✓✓✓ U.S, State of NJ, Government unit in US, contracting unit/municipality
Advisories from the division of local government services that have the force of
regulation are called? Ans✓✓✓ Local Finance Notice
an item that has a useful life of at least five years Ans✓✓✓ Capital improvements
Award to contract must take place within how many days of receipt of purchase?
Ans✓✓✓ 21 days