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NJ S198
Bill
Status
1/9/2024
Primary Sponsor
Robert Smith
Click for details
AI Summary
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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.
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During required business hours, either the licensee or an authorized signatory must be personally present at the established place of business.
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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.
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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