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New Jersey Statutes, Title: 33, INTOXICATING LIQUORS
Section: 33:1-19.5: Issuance of license or rejection of all bids; postponement or cancellation of sale; disposition of funds
Upon the conclusion of a sale the issuing authority shall issue a license to the highest qualified bidder therefor upon payment of his bid and the license fee, or shall reject all bids if the highest bid is not accepted. A sale may be postponed or canceled at any time prior to the opening of the bids. Funds derived from the conduct of a sale shall be remitted to the municipal treasurer for the general use of the municipality.
L.1981, c. 416, s. 3, eff. Jan. 9, 1982.
This section added to the Rutgers Database: 2012-09-26 13:37:50.
Older versions of 33:1-19.5 (if available):
Court decisions that cite this statute: CLICK HERE.