2009 New Jersey Code
TITLE 5 - AMUSEMENTS, PUBLIC EXHIBITIONS AND MEETINGS
Section 5:5
5:5-130 - Issuance of license to authority to permit off-track wagering

5:5-130  Issuance of license to authority to permit off-track wagering. 4.  a.  The commission is authorized to issue a license to the authority to permit off-track wagering at a specified facility, upon application of the authority and in accordance with the provisions of this act.  A license issued pursuant to this act shall be valid for a period of one year. The commission shall issue a license only if the permit holder at Monmouth Park and the thoroughbred permit holder at Meadowlands Racetrack schedule at least the minimum number of race dates required in section 30 of this act, P.L.2001, c.199 (C.5:5-156), and it is satisfied that the authority has entered into a participation agreement with each and every other person, partnership, association, corporation, or authority or the successor in interest to such person, partnership, association, corporation or authority that:

(1)held a valid permit to hold or conduct a race horse meeting within this State in the calendar year 2000;

(2)has complied with the terms of such permit; and

(3)is in good standing with the commission and the State of New Jersey.

An off-track wagering license may not be transferred or assigned to a successor in interest without the approval of the commission and the Attorney General, which approval may not be unreasonably withheld.

b.As part of the license application process, any participation agreement entered into for the purposes of this section, or any modification to the agreement made thereafter, shall be reviewed by the commission and the Attorney General to determine whether the agreement meets the requirements of this act and shall be subject to the approval of the commission and the Attorney General.

L.2001,c.199,s.4; amended 2004, c.116, s.5.