New Jersey § 5:5-140
Full text of New Jersey New Jersey Statutes § 5:5-140, with citation guidance and answers to common questions.
§ 5:5-140.
a. Within 14 days of receipt of a completed application, certification and applicable
fees, the executive director shall determine whether the same is in due form and meets
the requirements of law in all respects, and upon being satisfied thereof, the executive
director, within 45 days of receipt of a completed application, certification and
applicable fees, shall hold a public hearing, the costs of which shall be paid by
the applicant. b. No sooner than 30 days nor later than 60 days following the public hearing, the
commission shall make a final determination on the application. The commission shall approve the application if it determines that the authority
has demonstrated by clear and convincing evidence that wagers placed through the proposed
account wagering system will be accurately processed and that there will be sufficient
safeguards to maintain the integrity of the horse racing industry in this State. The commission's determination shall be submitted to the Attorney General for review
and approval. The determination of the commission shall be deemed approved by the Attorney General
if not affirmatively approved or disapproved by the Attorney General within 14 days
of the date of submission. The decision of the Attorney General shall be deemed a final decision. Upon approval by the Attorney General, the commission shall issue to the authority
a license to participate in the account wagering system. c. With the approval of the commission, the authority may assign the account wagering license to a permit holder, provided
that the authority shall retain responsibility for license renewals. In the event the authority assigns the account wagering license, the assignee shall
reimburse the authority for its costs associated with the application for the license. With the approval of the commission, the account wagering licensee may enter into a contract or agreement with a person or
entity to conduct or operate an account wagering system or facility for the licensee
and to act as the agent of the licensee in all account wagering matters approved by
the commission.
Frequently Asked Questions About New Jersey § 5:5-140
What does New Jersey Statutes § 5:5-140 cover?
Section 5:5-140 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 § 5:5-140?
A common citation format is "New Jersey Statutes § 5:5-140" (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 § 5:5-140 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.