Bill > A4500

Introduced Session

This bill requires any nonprofit entity, public entity, or business entity to include a notice on its informational and promotional materials that that entity is the recipient of State funds or and economic development subsidy. The bill requires the notice to be included on any written statement disseminated by the entity, to broadcast, digital, or print media, and on any placard or banner displayed at any public event held by the nonprofit entity, public entity, or business entity, or on any occasion in which the nonprofit entity or business entity provides goods or services, free of charge, to members of the public. Under the bill, the term "economic development subsidy" is defined as the provision of financial assistance to a business entity by or from a State public body with a value of greater than $500 for the purpose of stimulating economic development in New Jersey, including, but not limited to, any bond, grant, loan, loan guarantee, matching fund, tax credit, or other type of tax incentive.

AI Summary

Committee Categories

Annette Quijano (D)*, 

Introduced, Referred to Assembly State and Local Government Committee (on 06/06/2024)

Official Document