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

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…

34:1B-7.14. Determination of projects to be financed 5. With respect to projects to be financed by the authority pursuant to this act and undertaken with moneys from the Economic Recovery Fund, the authority shall in determining those projects, and in the planning and undertaking…

34:1B-7.15. Payments to Economic Recovery Fund 6. Commencing with fiscal year 1992, the State Treasurer shall in each fiscal year pay from the General Fund to the Economic Recovery Fund, in accordance with a contract between the treasurer and the authority, an amount equivalent t…

34:1B-7.16. Contracts for implementation of payment arrangement 7. The State Treasurer and the authority are authorized to enter into one or more contracts to implement the payment arrangement that is provided for in section 6 of this act. The contract or contracts shall commence…

34:1B-7.17. Report to Governor, Legislature 8. The authority shall report six months after the effective date of this section, and annually thereafter not later than September 15, to the Governor and the Legislature concerning the financing of projects currently under considerati…

34:1B-7.18. Legislative approval of certain transactions 9. Notice of loans, guarantees, grants or other forms of financing for projects from such funds as may be made available under subsections a. and e. of section 4 of this act shall be submitted to the Legislature at least 30…

34:1B-7.19. Definitions; program authorized 10. a. The following words or terms as used in this section shall have the following meaning unless a different meaning clearly appears from the context: "Small business enterprise" shall mean a business which has its principal place of…

34:1B-7.2. Fund for community development purposes 2. The economic development fund established in the New Jersey Economic Development Authority under section 7 of P.L.1974, c.80 (C.34:1B-7) shall be a fund for community development purposes with the meaning and intent of the "Co…

34:1B-7.20. Short title 1. Sections 1 through 10 of this 1993 amendatory and supplementary act shall be known and may be cited as the "Public School Capital Finance Assistance Act." L.1993,c.102,s.1.

34:1B-7.21. Findings, declarations 2. The Legislature finds and declares that the northeastern region of the country and New Jersey, in particular, continues to be seriously affected by the national economic downturn; that public sector involvement to finance urgently needed proj…

34:1B-7.22. Definitions 3. As used in this act: "Authority" means the New Jersey Economic Development Authority established by section 4 of P.L.1974, c.80 (C.34:1B-4); "Commissioner" means the Commissioner of the Department of Education; "Cost or costs" means the expenses incurre…

34:1B-7.23. "Public School Facilities Code Compliance Loan Fund" 4. a. The authority shall establish and maintain a special nonlapsing revolving fund to be known as the "Public School Facilities Code Compliance Loan Fund," hereinafter the "compliance fund," which shall be credite…

34:1B-7.24. "Public School Facilities Loan Assistance Fund" 5. a. The authority shall establish and maintain a special nonlapsing revolving fund to be known as the "Public School Facilities Loan Assistance Fund," hereinafter the "facilities fund," which shall be credited with: (1…

34:1B-7.25. Issuance of bonds; "Public Schools Small Projects Loan Assistance Fund" 7. a. The New Jersey Economic Development Authority is authorized to issue bonds, in an aggregate amount not exceeding $100,000,000, the proceeds from which shall be used to provide matching funds…

34:1B-7.26. Preliminary approval of loan application 8. In the case of a school district that has applied for any loan pursuant to this 1993 amendatory and supplementary act, and that is required to seek authorization for the issuance of bonds, or for other borrowing, or for a pr…