N.J. Admin. Code § 13:46-4.8

Current through Register Vol. 56, No. 21, November 4, 2024

Section 13:46-4.8 - Bond procedure

(a) Each promoter shall execute and file with the Commissioner a bond to the State of New Jersey in the sum of at least $ 10,000 in a form and with sureties thereon satisfactory to the Board, which bond shall be conditioned for the payment of the State tax.

(b) No license shall be granted under this Chapter unless such bond in connection therewith has been so filed and approved.

Amended by R.2002 d.335, effective 10/21/2002.
See: 34 New Jersey Register 1325(a), 34 New Jersey Register 3636(a).
In (a), substituted "promoter" for "applicant", substituted "$ 10,000" for "$ 5,000", and substituted "Board" for "Commission".