In lieu of any bond or bonds required under N.J.A.C. 18:18-3.5 through 3.7, a supplier, distributor, or terminal operator may deposit with the State Treasurer, under such terms and conditions as the Director may prescribe, a like amount of lawful money of the United States, or bonds, or other obligations of the United States, or the State of New Jersey, of an actual market value not less than the amount fixed by the Director.
N.J. Admin. Code § 18:18-3.8