N.J. Admin. Code § 16:77-1.8

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

Section 16:77-1.8 - Other provisions

(a) For those applicants having over 200 occupancy permits with NJ TRANSIT, NJ TRANSIT reserves the right to negotiate permanent occupancy permits for any occupancy having an annual fee of $ 479.00 or less at the time of application. The permittee shall pay to NJ TRANSIT a lump sum, which will be equivalent to 20 times the annual rate that will satisfy the annual fee for the life of the facility occupation so long as it remains unchanged. No refunds will be given for any facility that is terminated, cancelled, removed, or abandoned. Permittees who qualify for this option, request such option, and are accepted by NJ TRANSIT, will receive a single "blanket agreement" with an attachment containing a list of the affected occupancies covered under individual permits. Acceptance of any request for a blanket agreement and lump sum payment will be at the sole discretion of NJ TRANSIT, which shall not be unreasonably exercised. The existence of this option shall not obligate NJ TRANSIT to enter into a blanket agreement with any permittee.

(b) Any facility that is altered in such a manner so as to increase the annual fee beyond the original $ 479.00 limit will result in that permit being extracted from the blanket agreement and a new annual fee will be calculated, based on the existing fee schedule, and assessed annually thereafter. Monetary credit will be allocated to the new facility fee based on the unused portion of the initial 20-year period. No credit will be given for any facility requiring reassessment which has exceeded the initial 20 years of occupancy.

Adopted by 56 N.J.R. 1244(b), effective 7/15/2024