New Jersey § 48:2-29.5 Regulating deposits by customers to secure payment for services;   interest on deposits

New Jersey Statutes

§ 48:2-29.5 — Regulating deposits by customers to secure payment for services; interest on deposits

New Jersey § 48:2-29.5

Title 48PUBLIC UTILITIES

This text of New Jersey § 48:2-29.5 (Regulating deposits by customers to secure payment for services; interest on deposits) is published on Counsel Stack Legal Research, covering New Jersey primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.J. Stat. Ann. § 48:2-29.5 (2026).

Text

The board may adopt rules and regulations prescribing the terms and conditions under which public utilities may require the deposit of moneys to secure the payment by customers of such sums as may become due for services to be rendered and the conditions under which repayment of moneys deposited for such purpose shall be made. The board may adopt rules and regulations prescribing the rate of interest that shall be credited or paid on moneys so deposited.

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The board may adopt rules and regulations prescribing the terms and conditions under which public utilities may require the deposit of moneys to secure the payment by customers of such sums as may become due for services to be rendered and the conditions under which repayment of moneys deposited for such purpose shall be made. The board may adopt rules and regulations prescribing the rate of interest that shall be credited or paid on moneys so deposited.