48:4-2.22 - Filing by owner or operator; conclusive presumption to be just and reasonable - New Jersey Statutes

48:4-2.22.  Filing by owner or operator;  conclusive presumption to be just  and reasonable
    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.

     L.1983, c. 517, s. 3, eff. Jan. 17, 1984.