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

34:1B-335.5 Definitions. 2. As used in sections 3 through 4 of P.L.2025, c.399 (C.34:1B-335.6 through C.34:1B-335.7), all terms shall have the same meanings as defined in section 55 of P.L.2020, c.156 (C.34:1B-323), except as follows: "Co-applicant" means an entity that: is exemp…

34:1B-335.6 Sports and entertainment project requirements. 3. a. (1) Prior to June 30, 2027, a developer seeking tax credits for a sports and entertainment project shall submit an application to the authority in the form and manner prescribed pursuant to sections 55 through 67 of…

34:1B-335.7 Tax credits awarded and administered to developers. 4. a. The authority may award tax credits to the developer of a sports and entertainment project in accordance with the provisions of sections 55 through 67 of P.L.2020, c.156 (C.34:1B-323 through C.34:1B-335), as am…

34:1B-336 Short title. 68. Sections 68 through 81 of P.L.2020, c.156 (C.34:1B-336 et al.) shall be known and may be cited as the "Emerge Program Act." L.2020, c.156, s.68.

34:1B-337 Definitions. 69. As used in sections 68 through 81 of P.L.2020, c.156 (C.34:1B-336 et al.): "Affiliate" means an entity that directly or indirectly controls, is under common control with, or is controlled by the business. Control exists in all cases in which the entity …

34:1B-338 Emerge Program. 70. a. The Emerge Program is hereby established as a program under the jurisdiction of the New Jersey Economic Development Authority. The authority shall administer the program to encourage economic development, job creation, and the retention of signifi…

34:1B-339 Application, tax credits. 71. a. Beginning on the effective date of P.L.2020, c.156 (C.34:1B-269 et al.), but prior to March 1, 2029, to be eligible for tax credits under the program, a business's chief executive officer, or equivalent officer, shall demonstrate to the …

34:1B-34. Development of plan Pursuant to the findings and conclusions of the study conducted as provided in sections 3. and 4. of this act, the Department of Labor and Industry shall develop a plan to encourage and assist the formulation of employee stock ownership plans providi…

34:1B-340 Application for approval of project. 72. a. A business that meets the eligibility criteria in section 71 of P.L.2020, c.156 (C.34:1B-339) and is seeking a grant of tax credits for a project under the program shall submit an application for approval of the project to the…

34:1B-341 Project agreement. 73. a. Following approval by the board, but before the issuance of tax credits, the authority shall require an eligible business to enter into a project agreement. The terms of the project agreement shall be consistent with the eligibility requirement…

34:1B-342 Site plan approval, financing, site control for qualified business facility. 74. a. Following board approval within a time established by the authority and prior to the authority and an eligible business executing a project agreement, the eligible business shall demonst…

34:1B-343 Total amount of tax credit. 75. a. The total amount of the tax credit for an eligible business for each new or retained full-time job shall be as set forth in subsections b. through g. of this section. The total tax credit amount shall be calculated and credited to the …

34:1B-344 Forfeit of credit. 76. a. (1) If, in any tax period, an eligible business reduces the total number of full-time employees in its Statewide workforce by more than 20 percent from the number of full-time employees in its Statewide workforce in the last tax period prior to…

34:1B-345 Annual report. 77. a. (1) An eligible business which is awarded tax credits under the program shall submit annually, no later than the date indicated in the project agreement, commencing in the year in which the grant of tax credits is issued and for the remainder of th…

34:1B-346 Application for tax credit transfer certificate. 78. a. An eligible business may apply to the director and the chief executive officer of the authority for a tax credit transfer certificate, within three years of the tax period in which the director allows the eligible …

34:1B-347 Report by State college, university. 80. Beginning the year next following the year in which P.L.2020, c.156 (C.34:1B-269 et al.) takes effect and every two years thereafter, a State college or university shall, pursuant to an agreement executed between the State colleg…

34:1B-348 Regulations. 81. Notwithstanding the provisions of the "Administrative Procedure Act," P.L.1968, c.410 (C.52:14B-1 et seq.), to the contrary, the chief executive officer of the authority may adopt, immediately, upon filing with the Office of Administrative Law, regulati…

34:1B-349 Short title. 82. Sections 82 through 88 of P.L.2020, c.156 (C.34:1B-349 et al.) shall be known and may be cited as the "Main Street Recovery Finance Program Act." L.2020, c.156, s.82.

34:1B-35. Annual reports to legislature The Commissioner of the Department of Labor and Industry shall within 1 year of the effective date of this act report the findings and conclusions of the study, together with details of the plan developed pursuant thereto, to the Legislatur…

34:1B-350 Definitions. 83. As used in sections 82 through 88 of P.L.2020, c.156 (C.34:1B-349 et al.): "Authority" means the New Jersey Economic Development Authority established by section 4 of P.L.1974, c.80 (C.34:1B-4). "Board" means the Board of the New Jersey Economic Develop…

34:1B-351 Main Street Recovery Finance Program. 84. The Main Street Recovery Finance Program is hereby established as a program under the jurisdiction of the New Jersey Economic Development Authority. The authority shall administer the program for the purpose of providing grants,…

34:1B-352 Grants to eligible small businesses. 85. a. As part of the Main Street Recovery Finance Program, the authority shall provide grants to eligible small businesses from the Main Street Recovery Fund, subject to appropriation or the availability of federal funds, provided t…

34:1B-353 Moneys available to eligible lenders. 86. a. As part of the Main Street Recovery Finance Program, the authority shall make loans and grants available from the Main Street Recovery Fund, subject to annual appropriation and the availability of funds, to eligible community…

34:1B-354 Regulations. 88. Notwithstanding the provisions of the "Administrative Procedure Act," P.L.1968, c.410 (C.52:14B-1 et seq.), to the contrary, the chief executive officer of the authority may adopt, immediately, upon filing with the Office of Administrative Law, regulati…

34:1B-355 Working Group on Entrepreneur Zones. 90. a. There is established in the New Jersey Economic Development Authority a Working Group on Entrepreneur Zones for the purpose of making recommendations for the establishment of entrepreneur zones throughout the State. The workin…

34:1B-36. Short title This act shall be known and may be cited as the "New Jersey Local Development Financing Fund Act." L.1983, c. 190, s. 1, eff. May 23, 1983.

34:1B-362 Combined value, all tax credits. 98. a. The combined value of all tax credits awarded under the "Historic Property Reinvestment Act," sections 2 through 8 of P.L.2020, c.156 (C.34:1B-270 through C.34:1B-276); the "Brownfields Redevelopment Incentive Program Act," sectio…

34:1B-363 Short title. 99. Sections 99 through 105 of P.L.2020, c.156 (C.34:1B-363 through C.34:1B-369) shall be known and may be cited as the "Economic Development Authority Integrity and Protection Act." L.2020, c.156, s.99.

34:1B-364 Definitions. 100. As used in sections 99 through 105 of P.L.2020, c.156 (C.34:1B-363 through C.34:1B-369): "Economic development incentive" means a financial incentive, awarded by the authority to a person or entity, or agreed to between the authority and a person or en…

34:1B-365 Chief Compliance Officer. 101. a. The New Jersey Economic Development Authority shall employ a Chief Compliance Officer, who shall be appointed by the Chief Executive Officer of the authority. b. The Chief Compliance Officer shall: (1) create, maintain, monitor, and coo…

34:1B-366 Office of the Economic Development Inspector General. 102. a. There is established, in but not of the Department of the Treasury, the Office of the Economic Development Inspector General, which shall operate independent of the oversight or management of the Chief Execut…

34:1B-367 Powers of Economic Development Inspector General. 103. a. The Economic Development Inspector General is authorized to request, and shall be entitled to receive, such information, assistance, and cooperation from any State or local government department, board, bureau, c…

34:1B-368 Report by Economic Development Inspector General. 104. The Economic Development Inspector General shall report annually to the Governor, to the Legislature, pursuant to section 2 of P.L.1991, c.164 (C.52:14-19.1), and to the Attorney General, the activities of the Offic…

34:1B-369 Rules, regulations. 105. The Economic Development Inspector General, pursuant to the "Administrative Procedure Act," P.L.1968, c.410 (C.52:14B-1 et seq.), shall adopt rules and regulations, in consultation with the authority, the Department of Labor and Workforce Develo…

34:1B-37. Legislative findings and declaration The Legislature finds that there continue to exist in the State areas of high unemployment, low levels of new capital investment, depressed living and working conditions, and a deteriorating tax base; that vigorous action can halt th…

34:1B-370 Short title. 65. Sections 65 through 68 of P.L.2021, c.160 (C.34:1B-370 through 34:1B-373) shall be known and may be cited as the "New Jersey Innovation Fellows Program Act." L.2021, c.160, s.65.

34:1B-371 Findings, declarations relative to entrepreneurs. 66. The Legislature finds and declares that: a. One of the most difficult challenges for upstart entrepreneurs is forgoing employment to launch their businesses. b. For diverse entrepreneurs from underserved populations,…

34:1B-372 Definitions relative to the New Jersey Innovation Fellows Program. 67. As used in sections 65 through 68 of P.L.2021, c.160 (C.34:1B-370 through 34:1B-373): "Authority" means the New Jersey Economic Development Authority established pursuant to section 4 of P.L.1974, c.…

34:1B-373 "New Jersey Innovation Fellows Program." 68. a. There is established the "New Jersey Innovation Fellows Program" within the authority for the purpose of providing seed funding to teams of entrepreneurs, through the disbursement of fellowship grants, and facilitating eco…

34:1B-374 Findings, declarations. 1. The Legislature finds and declares it to be the public policy of this State that: a. Investing in water conservation, stormwater management, renewable energy, energy efficiency, and flood and hurricane mitigation improvements to real property …

34:1B-375 Definitions. 2. As used in sections 1 through 9 of P.L.2021, c.201 (C.34:1B-374 through C.34:1B-382): "Assignment agreement" means an agreement in which a participating municipality assigns a C-PACE assessment to a capital provider, its designee, successor or assign. "A…

34:1B-376 Report to Governor, Legislature. 3. a. (1) No later than 18 months after the launch date and annually thereafter, the authority shall prepare and submit to the Governor and, pursuant to section 2 of P.L.1991, c.164 (C.52:14-19.1), to the Legislature, a report describing…

34:1B-377 Garden State C-PACE program. 4. a. The authority shall establish a Garden State C-PACE program to facilitate the financing of C-PACE projects in municipalities that adopt an opt-in ordinance. The Garden State C-PACE program shall consist of the development of uniform as…

34:1B-378 Information published on Internet website. 5. a. Within 270 days after the effective date of P.L.2021, c.201 (C.34:1B-374 et al.), the authority shall establish the Garden State C-PACE program by publishing on its Internet website: (1) uniform assessment documents; (2) …

34:1B-379 Local C-PACE program. 6. a. An authorized municipality that has adopted an opt-in ordinance may also establish a local C-PACE program to facilitate the financing of C-PACE projects in that authorized municipality. A county may also establish a local C-PACE program pursu…

34:1B-38. Definitions As used in this act: a. "Fund" means the New Jersey Local Development Financing Fund established in section 4 of this act. b. "Commissioner" means the Commissioner of the Department of Commerce and Economic Development or his designated representative, which…