N.J. Admin. Code § 16:76-1.1
NJ TRANSIT was established by the New Jersey Public Transportation Act of 1979, N.J.S.A. 27:251 et seq., as the instrumentality of the State government to establish and provide for the operation and improvement of a coherent public transportation system in the most efficient and effective manner. Pursuant to N.J.S.A. 27:25-1et seq., NJ TRANSIT is authorized to purchase capital improvements for lease to eligible private bus carriers and to rehabilitate NJ TRANSIT owned or leased equipment that is leased to eligible private bus carriers. In doing so, public transit in the State will become more reliable, safe, efficient, and user-friendly for the State's public transit users. This chapter is designed to provide guidelines and procedures pursuant to which NJ TRANSIT will allocate such capital improvements to private bus carriers.
N.J. Admin. Code § 16:76-1.1