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A4833
ASSEMBLY, No. 4833
STATE OF NEW JERSEY
222nd LEGISLATURE
�
INTRODUCED MAY 4, 2026
Sponsored by:
Assemblywoman� ANNETTE QUIJANO
District 20 (Union)
SYNOPSIS
���� Requires certain public and private entities to
publicize receipt of State funds or economic development subsidies in certain
circumstances.�
CURRENT VERSION OF TEXT
���� As introduced.
��
An Act
requiring public and private entities to include notice
of receipt of State funds in promotional materials and supplementing Title 52
of the Revised Statutes.
����
Be It
Enacted
by the Senate and General Assembly of
the State of New Jersey:
���� 1.� a.� As a condition of
receiving any economic development subsidy or State funding, a nonprofit
entity, public entity, or business entity shall include on its informational
and promotional materials a notice that the entity is the recipient of State funds
or an economic development subsidy.� The statement shall be included in any
written statement disseminated 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 distributes or provides goods or services, free of
charge, to members of the public.� A public entity shall not be required to
display or read the statement at any meeting that is conducted in accordance
with the provisions of the �Senator Byron M. Baer Open Public Meetings Act,�
P.L.1975, c.231 (C.10:4-6 et seq.).
���� b.� The State Treasurer shall
adopt rules and regulations, pursuant to the �Administrative Procedure Act,�
P.L.1968, c.410 (C.52:14B-1 et seq.), to effectuate the provisions of this
section.
���� c.� As used in this section:
���� �Business entity� means any
individual, association, for-profit corporation, joint venture, limited
liability company, partnership, sole proprietorship, or other entity either
within or outside this State that receives and economic development subsidy.� A
�business entity� shall not mean a public or private institution of higher
education.
���� �Economic development subsidy�
means 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.� �Economic development subsidy� shall not mean any contract
under which a State public body purchases or otherwise procures goods,
services, or construction on an unsubsidized basis, including any contract
solely construction or renovation owned by a State public body.
���� �Nonprofit entity� means a
corporation, association, or organization, which is not operated for pecuniary
profit of any private shareholders or individual, and which is not a component
of the federal, State or local governments.
���� �Public entity� means any
county, municipality, school district or other political subdivision thereof,
and any agency, authority, or instrumentality of the foregoing.
���� �State public body� means the
State of New Jersey or any agency, authority, board, commission, or
instrumentality of the State. �State public body� shall not mean a political
subdivision of the State, or any agency, authority, board, commission, or instrumentality
of a political subdivision of the State.
���� 2.� This act shall take effect
immediately and shall apply to the State fiscal year beginning on the July 1
next following the date of enactment.
STATEMENT
���� 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 an 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.