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New Jersey Statutes Title 48. Public Utilities 48 § 4-2.22

Current as of January 01, 2024 | Updated by FindLaw Staff

Any rate, fare or charge for regular route autobus service filed by an owner or operator of an autobus with the Department of Transportation pursuant to this act shall be conclusively presumed to be just and reasonable and no action shall be required by the department for any rate, fare or charge to become effective if:

a. the autobus owner or operator notifies the department that it is filing the rate, fare or charge pursuant to this act; and

b. the increase or decrease in the rate, fare or charge, or an aggregate of increases and decreases in any single rate, fare or charge, is not more than the maximum percentage increase or decrease promulgated by the commissioner for the “zone of rate freedom” pursuant to this act for the year in question.

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Cite this article: FindLaw.com - New Jersey Statutes Title 48. Public Utilities 48 § 4-2.22 - last updated January 01, 2024 | https://codes.findlaw.com/nj/title-48-public-utilities/nj-st-sect-48-4-2-22/

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