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NJ S198

Bill

Status

Introduced

1/9/2024

Primary Sponsor

Robert Smith

Click for details

Origin

Senate

2024-2025 Regular Session

AI Summary

  • Used motor vehicle dealers operating at multi-dealer locations must maintain a minimum of four business hours per week, Monday through Saturday, between 9:00 a.m. and 5:00 p.m.

  • During required business hours, either the licensee or an authorized signatory must be personally present at the established place of business.

  • Multi-dealer locations must have a multi-dealer representative physically present Monday through Friday, 9:00 a.m. to 5:00 p.m., though this representative does not need to be an authorized signatory for any specific dealer.

  • A "multi-dealer location" is defined as a single structure with multiple office spaces where separate businesses operate used motor vehicle dealerships, complying with Motor Vehicle Commission regulations.

Legislative Description

Prohibits investment by State of pension and annuity funds in, and requires divestment from, 200 largest publicly traded fossil fuel companies.

Budget and Appropriations

Last Action

Referred to Senate Budget and Appropriations Committee

3/4/2024

Committee Referrals

Budget and Appropriations3/4/2024
State Government, Wagering, Tourism & Historic Preservation1/9/2024

Full Bill Text

No bill text available