Title 34, Title 34: LABOR AND WORKMEN'S COMPENSATION

34:1B-42. Schedule of application periods; ranking of applications; finding of feasibility The commissioner shall annually establish a schedule of discrete application periods for the next year, provided that no period shall be less than one month nor more than six months. At the…

34:1B-43. Project plan; contents; determinations prior to final approval a. Prior to final approval of financial assistance under this act, the project sponsor shall file with the commissioner a project plan which shall provide such information as the commissioner deems necessary…

34:1B-44. Approval or disapproval of application; notice Upon receipt of any revised project plan prepared as a result of any recommendations made pursuant to the provisions of section 7 of this act, and of any information required pursuant to the provisions of section 8 of this …

34:1B-45. Arrangement for financial assistance; repayment Upon receipt of a copy of the notice of approval of a project as an eligible project and accompanying statement of the terms of financial assistance, the State Treasurer shall arrange with the sponsor of the eligible proje…

34:1B-46. Report The commissioner shall require each sponsor of an eligible project receiving assistance from the New Jersey Local Development Financing Fund pursuant to the provisions of this act annually to submit a report of the sponsor's activities undertaken in furtherance o…

34:1B-47. Findings, declarations The Legislature finds and declares: a. That entrepreneurship is a vital component of the national heritage that fosters the health and dynamism of the overall economy; b. That despite their contribution as major generators of employment, small bus…

34:1B-48. Definitions For the purposes of this act: a. "Authority" means the New Jersey Development Authority for Small Businesses, Minorities and Women's Enterprises established pursuant to the provisions of this act; b. "Board" means the board of directors of the New Jersey Dev…

34:1B-49. Development Authority for Small Businesses, Minorities and Women's Enterprises a. There is established in but not of the Department of Commerce and Economic Development the New Jersey Development Authority for Small Businesses, Minorities' and Women's Enterprises, which…

34:1B-4a NJEDA building designated in memory of Caren S. Franzini. 1. The Governor, or the designee thereof, shall designate the building in which the New Jersey Economic Development Authority is located at 36 West State Street, Trenton, New Jersey in memory of Caren S. Franzini …

34:1B-4b Funding for signage. 2. Except for funds of the New Jersey Economic Development Authority, State or other public funds shall not be used for producing, purchasing, or erecting signs bearing the designation established pursuant to section 1 of P.L.2017, c.229 (C.34:1B-4a)…

34:1B-5 Powers. 5. The authority shall have the following powers: a. To adopt bylaws for the regulation of its affairs and the conduct of its business; b. To adopt and have a seal and to alter the same at pleasure; c. To sue and be sued; d. To acquire in the name of the authority…

34:1B-5.1 Rules, regulations. 1. a. The New Jersey Economic Development Authority shall adopt rules and regulations requiring that not less than the prevailing wage rate be paid to workers employed in the performance of any construction contract, including contracts for millwork …

34:1B-5.2. Administration and enforcement of rules and regulations 2. The rules and regulations adopted under section 1 of this act shall provide for the proper and appropriate administration and enforcement of such regulations. L.1979,c.303,s.2; amended 2002, c.78,s.2.

34:1B-5.3. Violation of rules and regulations A violation of the rules and regulations adopted pursuant to section 1 of this act shall be deemed to be a violation of P.L.1963, c. 150 (C. 34:11-56.25 et seq.). The Commissioner of Labor and Industry and any worker shall have the sa…

34:1B-5.4 Rules, regulations relative to establishment of affirmative action program. 4. a. The New Jersey Economic Development Authority shall adopt rules and regulations to establish an affirmative action program for the hiring of minority workers employed in the performance of…

34:1B-5.5 Limitation of claims, damages, losses, liabilities, costs for school facilities projects. 50. In the exercise of powers granted by P.L.2000, c.72 (C.18A:7G-1 et al.) and P.L.2007, c.137 (C.52:18A-235 et al.) in connection with any school facilities project, any and all …

34:1B-5.9 Bonds deemed fully negotiable. 54. Notwithstanding the provisions of any law to the contrary, any bonds issued pursuant to P.L.2000, c.72 (C.18A:7G-1 et al.) or P.L.2007, c.137 (C.52:18A-235 et al.) or P.L.2008, c.39 (C.18A:7G-14.1 et al.) shall be fully negotiable with…

34:1B-50. Powers of authority The authority shall have the power: a. To adopt bylaws for the regulation of its affairs and the conduct of its business, which shall include a code of ethics with respect to conflicts of interest; b. To sue or be sued in the name of the authority, p…

34:1B-51. Loans, other extensions of credit a. The authority may make long-term or short-term loans or other extensions of credit to eligible businesses under terms and conditions established by the authority. The authority shall establish uniform underwriting standards for loans…

34:1B-52. Waiver of bonding requirements a. The authority shall establish requirements as may be necessary and practical for the use of minority or women's businesses on projects financed in whole or in part by the authority. The authority may waive bonding requirements in full o…

34:1B-53. Issuance of bonds The authority shall, by resolution of the board, have the power to incur indebtedness, borrow money and issue bonds to provide long-term and short-term financing to eligible businesses pursuant to the provisions of this act. Every issue of its bonds sh…

34:1B-54. No State liability Bonds and notes of the authority issued under the provisions of this act shall not be in any way a debt or liability of the State or of any political subdivision thereof or be or constitute a pledge of the faith and credit of the State or of any polit…

34:1B-55. Bonds fully negotiable Any bond or other obligation issued by the authority pursuant to this act shall be fully negotiable, within the meaning and for the purposes of Title 12A of the New Jersey Statutes, and each holder of a bond or other obligation or any coupon appur…

34:1B-56. Power to covenant In order to secure the payment of its bonds and in addition to its other powers, the authority shall have power by resolution to covenant and agree with the several holders of the bonds, as to: a. The custody, security, use, expenditure or application …

34:1B-57. Casino authority investments On obligations purchased or monies otherwise invested by the Casino Reinvestment Development Authority as required by section 33 of P.L. 1984, c. 218 (C. 5:12-181), the authority shall covenant and agree to guarantee the Casino Reinvestment …

34:1B-58. Contracts binding All provisions of the resolution and all covenants and agreements shall constitute valid and legally-binding contracts between the authority and the several holders of the bonds, regardless of the time of issuance of the bonds, and shall be enforceable…

34:1B-59. No personal interest No member of the board, officer, employee or agent of the authority shall have an interest, either directly or indirectly, in any project, transaction or business activity in which the authority is a party. L. 1985, c. 386, s. 13, eff. Dec. 18, 1985…

34:1B-6 Determinations prior to commitment for assistance. 6. Prior to making any commitment for assistance, the authority shall, by resolution duly adopted, find and determine, on the basis of all information reasonably available to it, that such assistance will tend to maintain…

34:1B-6.1 Priority consideration, municipalities in compliance, New Jersey Economic Development Authority. 2. Notwithstanding any rule, regulation, or law to the contrary, in awarding grants or other financial assistance through any program through which monies may be provided to…

34:1B-60. Expenses from revenues All expenses incurred in carrying out the provisions of this act shall be payable solely from revenues or funds provided or to be provided under the provisions of this act and nothing in this act shall be construed to authorize the authority to in…

34:1B-61. Authorized investment Notwithstanding the provisions of any other law to the contrary, the State, its political subdivisions, agencies and instrumentalities, their officers, boards, commissioners, departments, any trust company, State or federally chartered bank, saving…

34:1B-62. Short title 1. This act shall be known and may be cited as the "New Jersey Global Export Network Act." L.1993,c.197,s.1.

34:1B-63. Findings, determinations 2. The Legislature finds and determines that: a. The rapid change in global political and economic events and the effects thereof on the economy of the United States in general, and New Jersey in particular, require this State to expand its role…

34:1B-64. Definitions 3. As used in this act: "Authority" means the New Jersey Economic Development Authority established pursuant to section 4 of P.L.1974, c.80 (C.34:1B-4). "Eligible export business" means a small- or medium-sized business which has its principal place of busin…

34:1B-65. "New Jersey Global Export Network Program" 4. The New Jersey Economic Development Authority shall, in consultation with the Division of International Trade and the Division of Economic Development in the Department of Commerce and Economic Development, establish the "Ne…

34:1B-66. "Global Export Network Assistance Fund" 5. a. In order to effectuate the purposes of the program, the authority shall establish and maintain a special non-lapsing revolving fund to be known as the "Global Export Network Assistance Fund," hereinafter the "network assista…

34:1B-67. Establishment of reserves, liquid reserves 6. The authority shall establish sufficient reserves and liquid reserves, aside from those moneys required to provide a sufficient and actuarially sound basis for its pledges contained in any loan, line of credit or guarantee a…

34:1B-68. Agreements with participating banks 7. The authority shall enter into agreements with participating banks to use the moneys from the network assistance fund to provide up to 25% of the direct loans or revolving lines of credit for fixed asset needs and working capital o…

34:1B-69. Rules, regulations 8. The authority shall, pursuant to the "Administrative Procedure Act," P.L.1968, c.410 (C.52:14B-1 et seq.), adopt rules and regulations governing the making of loans, extending of credit and the issuance of guarantees pursuant to this act. L.1993,c.…

34:1B-7. Economic development fund a. The authority shall establish and maintain a special fund called the "economic development fund" into which shall be deposited such moneys (1) as shall be appropriated by the State for the purpose of such fund; (2) if the authority so determi…

34:1B-7.1. Legislative findings and declarations The Legislature finds that there continue to exist in the State's urban communities high unemployment, low levels of new capital investment, depressed living and working conditions and deteriorating tax bases; that vigorous action …

34:1B-7.10. Short title 1. Sections one through ten of this act shall be known and may be cited as the "Economic Recovery Fund Act." L.1992,c.16,s.1.

34:1B-7.11. Findings, determinations 2. The Legislature finds and determines that limitations on the availability of loan funds from financial institutions has seriously impeded the development and completion of many economic development projects, including the expansion of manuf…

34:1B-7.12. "Economic Recovery Fund" established 3. a. The New Jersey Economic Development Authority shall establish and maintain a special nonlapsing fund to be known as the "Economic Recovery Fund," hereinafter the "fund," into which shall be deposited such moneys: (1) as shall…

34:1B-7.13 Use of moneys in fund. 4. The authority may use the moneys in the fund to pay principal of, premium, if any, and interest on bonds or notes, which shall be entitled "Economic Recovery Fund Bonds or Notes," as appropriate, the proceeds, or net proceeds, of which shall b…

34:1B-7.13a Purchasing properties, certain, maximize development potential. 2. a. The money made available to the authority by section 4 of P.L.1992, c.16 (C.34:1B-7.13) as amended by section 1 of P.L.2024, c.25 and appropriated pursuant to section 3 of P.L.2024, c.25 shall be us…