The Armagh native announced on Monday night that he would not be seeking an extension on his three-year term at the helm of the county’s football team.
McNulty enjoyed mixed fortunes during his tenure, reaching the All-Ireland quarter-finals last season, but the O’Moore County failed to make an impression this summer, exiting the championship at the hands of Donegal.
Handy claimed McNulty’s departure was an amicable one and that recommendations for the position will be opened next week.
“Nothing has happened since Justin stepped down. There is nothing really in place at the moment,” he said.
“Justin’s three years were up and he decided he wasn’t seeking another term.
“We will be taking nominations from the clubs in the next week or so. There will be a committee set-up then to take on board the recommendations of the clubs.”
Handy says the process of finding a successor will be extremely thorough, adding the county board has no preference whether or not McNulty’s replacement is a Laois native.
“We will take our time and try to find the right person,” said Handy.
Handy denied that former Wexford manager and current Kildare selector Jason Ryan, believed to be among the main contenders for the position, was the preferred choice of the Laois board.
“Certainly he has not been approached by Laois GAA,” he said.
Meanwhile, a meeting of the Antrim County Board on Monday night ratified the incumbent mangers Frank Dawson and Kevin Ryan for a second year in charge of the county’s respective sides.
It proved a particularly troublesome campaign for Dawson with the Saffrons footballers dropping to tier four of the national league, while failing to secure a victory in either of their championship outings.
Moreover, the build-up to the Ulster championship was overshadowed by the absence of Tony Scullion, Tomas McCann and Michael McCann.
Nonetheless, Antrim chairperson Jim Murray maintained Dawson continues to have the full backing of the county board, who were satisfied to extend his tenure into a second year.
Criticism of the reappointment has rang from several quarters, but goalkeeper Chris Kerr came out in defence of the management.
“I imagine 99.9% of people passing opinion about Antrim GAA won’t be at the trials to try and better the county,” he wrote on Twitter.
County board secretary Frankie Quinn claimed clubs had the opportunity of putting someone against Dawson, but didn’t, adding there was no correspondence from the squad that they were unhappy to see the outgoing manager stay.