§ 12-3-12-3

12:3-12.3 Rules, regulations setting forth fees; minimum term of conveyance. 3. The Tidelands Resource Council shall, pursuant to the 'Administrative Procedure Act,' P.L.1968, c.410 (C.52:14B-1 et seq.), adopt rules and regulations setting forth all fees imposed by the council, but shall not be required to publish as a rule or regulation any formula or method used to determine the fair market value of a lease, license or grant. All leases and licenses shall be conveyed for a minimum of seven years. L.1997,c.239,s.3.