Contract · State & Local
Tax Exempt Lease - Purchase Financing
Atlantic County Utilities Authority, NJ - Administration and Finance Egg Harbor Township, NJ
- Status Closes in 15 days
- Amount Amount not listed
- Set-aside None (open competition)
Scope
The Atlantic County Utilities Authority (ACUA) is soliciting competitive bids for Tax Exempt Lease-Purchase Financing to fund the acquisition of essential capital equipment through a structured five-year financing arrangement. This procurement is conducted under the provisions of the New Jersey Local Public Contracts Law (N.J.S.A. 40A:11-1 et seq.) and N.J.A.C. 5:30-5.1 et seq., which govern lease-purchase agreements for public entities. The purpose of this solicitation is to secure the most cost-effective financing terms for a project deemed essential to the Authority’s operations in providing responsible, environmentally focused waste management services to Atlantic County. The ACUA seeks a bank-qualified, tax-exempt structure with semiannual interest payments and annual principal repayments, beginning March 1, 2027, and concluding March 1, 2031 . The Authority is seeking tax-exempt lease purchase financing in the principal amount of $3,340,000. The successful bidder will provide a financing structure compliant with state and federal requirements, including private placement limitations, prepayment options, and escrow funding provisions. All bids will be evaluated based on the lowest overall borrowing cost to the Authority, inclusive of all related fees and expenses.
Contract/Solicitation #: 2026-ITB-35
Type: Bid
Department: Administration and Finance
Timeline
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Posted
Oct 13, 2026
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Status
Open now
How to bid on this
This is a contract solicitation, not a grant. To bid, you submit a proposal (usually a price and a description of how you would do the work) directly to the government, through the channel the official listing specifies, not through Oppward.
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- Read the full solicitation on the official listing above, especially the scope of work, not just this summary. Our guide to reading a solicitation walks through what to look for.
- This listing has no set-aside restriction ("full and open competition"), meaning any business, large or small, can bid.
- Submit your proposal by the deadline, using the exact submission method the official listing states. A technically on-time bid sent the wrong way is often treated as late.
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