N.J. Admin. Code § 16:51-8.11

Current through Register Vol. 57, No. 1, January 6, 2025

Section 16:51-8.11 - Autobus leases

(a)Any autobus company filing an autobus lease with the Division shall affirm under penalty of perjury that the lease contains the following information:

1. The name, address and telephone number of the vehicle owner (lessor);

2. The name, address, and telephone number of the authorized carrier/autobus company (lessee);

3. The Division Docket Number and the charter number, special number, or route file number of the autobus company (lessee) or the FHWA/USDOT number of the autobus company (lessee);

4. The term of the lease, that is, the lease effective date and expiration date;

5. An exclusive use clause, setting forth that the leased vehicle(s) will be for the lessee's exclusive use; if the lease does not provide for lessee's exclusive use, it must specify all others having use of the vehicle and the nature of said use. The lease must indicate any subleasing arrangements, if applicable;

6. An insurance clause providing that the autobus company (lessee) is responsible for maintaining the proper insurance coverage limits required by law;

7. A consideration clause showing the rental payment for the use of the vehicle;

8.A cancellation/amendment clause including provisions regarding the following:

i. The duty of parties to notify the Division within five days of the cancellation and/or amendment of a lease;

ii. The duty of parties to return omnibus license plates to the State of New Jersey; and

iii. The duty of parties to present vehicle to the Division for removal of inspection sticker and for return of certificate of inspection;

9. The fleet number, make, model, year, Vehicle Identification Number, seating capacity and Divisions vehicle number (if known) of each vehicle covered by the lease; and

10. The signatures of the owner/lessor and the operator/lessee and the date.

(b) No more than five vehicles, where the owner of the vehicle is the same, shall be included in each lease.

(c) Each lease submitted shall be accompanied by payment for the lease filing fee established by the Legislature at N.J.S.A 48:2-56, specifically N.J.S.A 48:2-56F(4) as amended and supplemented and incorporated herein by reference.

(d) A lease shall remain valid throughout its term unless cancelled in the method described in the body of lease, regardless of other circumstances concerning the vehicle, including, but not limited to, sale of the vehicle by the lessor or casualty loss of the vehicle.

(e) The Division shall not be responsible for the implementation, operation, or cancellation of a lease.

N.J. Admin. Code § 16:51-8.11

Amended by 46 N.J.R. 872(a), effective 5/19/2014.