New Jersey § 5:5-139
Full text of New Jersey New Jersey Statutes § 5:5-139, with citation guidance and answers to common questions.
§ 5:5-139.
a. The commission is authorized to issue a license to the authority to establish an
account wagering system in accordance with the provisions of this act , P.L.2001, c. 199 ( C.5:5-127 et seq. ) . A license issued pursuant to this act shall be valid for a term 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 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 consisting of at least 40 live race dates in the aggregate
at the permit holder's racetrack; (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 account 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, or any
modification to the agreement made thereafter, entered into for the purposes of this
section 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. c. At the time of filing an application for licensure under this section, the authority
shall submit to the commission a non-refundable filing fee in an amount established
by regulation by the commission, and a certification in a form prescribed by the commission
which specifies, but is not limited to, information about the operation of the account
wagering system and the authority's participation therein.
Frequently Asked Questions About New Jersey § 5:5-139
What does New Jersey Statutes § 5:5-139 cover?
Section 5:5-139 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 § 5:5-139?
A common citation format is "New Jersey Statutes § 5:5-139" (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 § 5:5-139 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.