New Jersey Statutes

§ 52:18-52 — Conditions for award of subsidy.

New Jersey·Title 52 STATE GOVERNMENT, DEPARTMENTS AND OFFICERS
2.A State public body shall not award an economic development subsidy to a recipient business that previously received an economic development subsidy that was a loan or loan guarantee if the recipient business is in default on that previously awarded loan or loan guarantee. L.2015, c.167, s.2.

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