The bill amends existing legislation regarding the issuance of alcoholic beverage licenses in special project areas and eligible municipalities in New Jersey. It defines key terms such as "host municipality," "original transferee," "project area," and "special license," and outlines the process for issuing special licenses to corporations or legal entities operating within these areas. The bill specifies that special licenses will be allocated based on the population of the host municipalities, with a total of 12 licenses available for project areas exceeding 1,000 acres. Additionally, it establishes criteria for the issuance and transfer of these licenses, including requirements for fair market value appraisals and limitations on transferability.

Furthermore, the bill introduces provisions for municipalities with shopping malls, allowing them to issue special licenses for food and beverage establishments based on the size of the mall. It sets a minimum initial issuance fee of $250,000 for these licenses and outlines the conditions under which they can be transferred. Notably, the bill removes certain legal language regarding the transferability of licenses and the population limitations for issuing new licenses. The Director of the Division of Alcoholic Beverage Control is also granted the authority to promulgate necessary regulations to implement the provisions of this act. The bill is set to take effect immediately upon approval.

Statutes affected:
Introduced: 33:1-12.52
Advance Law: 33:1-12.52, 33:1-12.54
Pamphlet Law: 33:1-12.52, 33:1-12.54, 33:1-12.55