Section 52:18-52 - Conditions for award of subsidy.

NJ Rev Stat § 52:18-52 (2019) (N/A)
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52:18-52 Conditions for award of subsidy.

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.