Bill > A1906

Introduced Session

This bill prohibits a business, or any holding company or affiliate of the business, or an officer, director, or key or principal employee of the business, from making campaign contributions to candidates for nomination or election to any public office in the State during a period when the business is receiving a development subsidy totaling $25,000 or more from a State agency or authority. The prohibition does not prohibit any individual who is a candidate for public office in this State from contributing to the individual's own campaign. A violation of this prohibition would be a crime of the fourth degree, except that the amount of a fine may be up to $200,000, and in the case of a person other than a natural person, the amount of a fine may be up to $500,000. Further, a recipient business found to have willfully and intentionally made a contribution or failed to reveal a contribution may be liable to a penalty of up to the value of its development subsidy with the State agency, may be ineligible for any remaining amount of the development subsidy, and may be debarred by the State Treasurer from contracting with any State agency or receiving a development subsidy for up to five years. The bill provides that a candidate for nomination or election to any public office in this State who solicits or accepts a political contribution prohibited by the bill is liable to a penalty for each violation as set forth in current law in N.J.S.A.19:44A-22.

AI Summary

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Ellen Park (D)*, 

Introduced, Referred to Assembly State and Local Government Committee (on 01/09/2024)

Official Document