13:3-3.6 Determination of value of prizes
(a) No licensee shall offer, award or display any prize in the licensed premises which prize's retail value is in excess of the limits established in N.J.A.C. 13:3-3.5(b).
(b) For the purpose of this subchapter, the "average retail value" of the merchandise awarded as prizes shall be based on the manufacturer's suggested retail price or commonly advertised price.
As amended, R. 1983, d. 303, eff. August 1, 1983. See: 15 N.J.R. 680(a), 15 N.J.R. 1254(b). In (a), retail value of prizes increased from $15.00 to $300.00. In (b), changed retail value from not to exceed $15.00 to manufacturer's suggested retail value. Old (c) deleted. Amended by R. 1985 d. 334, effective July 1, 1985. See: 17 N.J.R. 1058(a), 17 N.J.R. 1664(a). Retail value of prize changed from $300.00 to $500.00. Amended by R. 1988 d. 227, effective May 16, 1988. See: 20 N.J.R. 627(a), 20 N.J.R. 1085(a). Added text in (a) "the limits established in N.J.A.C.13:3-3.5(b)". Amended by R. 1998 d. 249, effective May 18, 1998. See: 30 N.J.R. 786(a), 30 N.J.R. 1838(a).