A 3893
Requires certain economic incentive recipients to pay penalty for nonperformance.
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- Passed General Assembly
- Passed Senate
- To Governor
- Became Law
Bill overview
This bill requires certain recipients of economic incentives from the New Jersey Economic Development Authority (EDA) to pay a penalty if they fail to meet the requirements of their incentive agreements. The penalty is calculated as a percentage of the value of the incentive received. The bill establishes rules for the EDA to verify performance and ensure accountability for recipients of these economic incentives.
Sponsors
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Primary sponsors
Sterley Stanley
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