Bill Text: NJ S2549 | 2016-2017 | Regular Session | Introduced
Bill Title: Requires denial of grant by NJEDA or other State agency to include critique of how applicant business falls short of requirements and standards.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Introduced - Dead) 2016-09-26 - Introduced in the Senate, Referred to Senate Economic Growth Committee [S2549 Detail]
Download: New_Jersey-2016-S2549-Introduced.html
Sponsored by:
Senator DIANE B. ALLEN
District 7 (Burlington)
SYNOPSIS
Requires denial of grant by NJEDA or other State agency to include critique of how applicant business falls short of requirements and standards.
CURRENT VERSION OF TEXT
As introduced.
An Act concerning the grant application process for businesses and supplementing P.L.1974, c.80 (C.34:1B-1 et seq.) and P.L.2011, c.123 (C.52:14B-21.1 et seq.).
Be It Enacted by the Senate and General Assembly of the State of New Jersey:
1. In order to foster economic growth, assist businesses and encourage entrepreneurial spirit, a denial of a grant to an applicant business by the New Jersey Economic Development Authority shall include a statement of the eligibility criteria and factors used in the overall review of the grant application as well as a critique of the way in which the applicant business falls short of those requirements and standards.
2. In order to foster economic growth, assist businesses and encourage entrepreneurial spirit, a denial of a grant to an applicant business by a State agency shall include a statement of the eligibility criteria and factors used in the overall review of the grant application as well as a critique of the way in which the applicant business falls short of those requirements and standards.
3. This act shall take effect immediately.
STATEMENT
This bill requires that the New Jersey Economic Development Authority and any other State agency to include with a denial of a grant to an applicant business a statement of the eligibility criteria and factors used in the overall review of the grant application as well as a critique of the way in which the applicant business falls short of those requirements and standards. Section 1 of P.L.2011, c.123, to which this bill adds a supplementary section, defines "State agency" as any of the principal departments in the Executive Branch of State Government, and any division, board, bureau, office, commission, or other instrumentality within or created by such principal department, and any independent State authority, commission, instrumentality, or agency.
