New Jersey Statutes 40:48-4.4. Contracts; conditions, terms and provisions
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Terms Used In New Jersey Statutes 40:48-4.4
- Contract: A legal written agreement that becomes binding when signed.
- Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.
Each contract entered into in accordance with the provisions of this act shall contain conditions, terms and provisions as the municipality may require including, but not limited to, provisions relating to:
a. The method of providing reduced fares for senior citizens;
b. The method of accounting for the level of service rendered to determine the amount to be paid to the motor bus carrier;
c. The procedure for determining the eligibility of persons to receive reduced fares as provided for in this act which shall include provision for issuance of identification cards to eligible senior citizens by the municipality in the form and manner and at such places as the municipality shall prescribe;
d. Auditing and settlement of payment;
e. Such other matters as the municipality deems to be in the public interest.
L.1973, c. 67, s. 4, eff. March 22, 1973.