N.J. Stat. § 40:48-4.5: Payments to motor bus carrier

Each contract entered into in accordance with the provisions of this act shall obligate the municipality to pay to the motor bus carrier an amount not to exceed one-half of the total amount of the usual and ordinary fares for all such passenger service rendered provided the carrier has complied with the contract in all other respects to the satisfaction of the municipality.

L.1973, c. 67, s. 5, March 22, 1973.