New Jersey § 5:12-87
Full text of New Jersey New Jersey Statutes § 5:12-87, with citation guidance and answers to common questions.
§ 5:12-87.
a. Upon the filing of an application for a casino license and such supplemental information
as the commission or division may require, and upon the filing of such information as may be required by section 88 of P.L.1977,
c. 110 ( C.5:12-88 ), the division shall conduct an investigation into the qualification of the applicant, and submit a report and recommendation to the commission . b. Upon the submission of a report and recommendation by the division, the commission
shall conduct a hearing thereon concerning the qualification of the applicant. After such hearing, the commission may either deny the application or grant a casino license
to an applicant whom it determines to be qualified to hold such license , which final action shall be taken within 90 days after completion of the hearing . c. The commission shall have the authority to deny any application pursuant to the
provisions of this act. When an application is denied, the commission shall prepare and file an order stating the general reasons therefor, and if requested by the applicant, shall further prepare
and file a statement of the reasons for the denial, including the specific findings
of facts. d. (Deleted by amendment, P.L.2011, c. 19 ) e. When an application is granted , and upon tender of all required license fees and taxes , and such bonds as the commission may require for the faithful performance of all
requirements imposed by law or regulations, the commission shall issue a casino license . f. The commission shall fix the amount of the bond or bonds to be required under this
section in such amounts as it may deem appropriate, by rules of uniform application. The bonds so furnished may be applied by the commission to the payment of any unpaid
liability of the licensee under this act. The bond shall be furnished in cash or negotiable securities, by a surety bond guaranteed
by a satisfactory guarantor, or by an irrevocable letter of credit issued by a banking
institution of this State acceptable to the commission. If furnished in cash or negotiable securities, the principal shall be placed without
restriction at the disposal of the commission, but any income shall inure to the benefit
of the licensee.
Frequently Asked Questions About New Jersey § 5:12-87
What does New Jersey Statutes § 5:12-87 cover?
Section 5:12-87 is part of the New Jersey Statutes, the codified statutory law of New Jersey. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite New Jersey § 5:12-87?
A common citation format is "New Jersey Statutes § 5:12-87" (New Jersey). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of New Jersey law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the New Jersey official source linked on this page or consult a licensed New Jersey attorney.
How does New Jersey § 5:12-87 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in New Jersey can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in New Jersey.