N.J. Admin. Code § 19:25-24.2

Current through Register Vol. 56, No. 24, December 18, 2024

Section 19:25-24.2 - Contributions by business entities prohibited

(a) A business entity that agrees to any contract or agreement, except for a contract or agreement awarded pursuant to a fair and open process, with the State or any department or agency thereof or its independent authorities either for the rendition of services or furnishing of any material, supplies, or equipment or for the acquisition, sale, or lease of any land or building, if the value of the transaction exceeds $ 17,500, shall not knowingly solicit or make any contribution reportable by the recipient of money, or pledge of a contribution, including in-kind contributions, to a candidate committee of any candidate or holder of the public office of Governor prior to the completion of the contract or agreement.

(b) For the purposes of (a) above, a business entity shall have knowingly made a contribution if the business entity did not request, in writing, within 30 days of the date on which the contribution was made, that the recipient candidate committee of any candidate or holder of the public office of Governor repay the contribution and, if the business entity did not receive repayment within those 30 days.

(c) For the purposes of (a) above, it shall be presumed that a contribution made to a candidate committee of any candidate or holder of the public office of Governor within 60 days of a gubernatorial primary or general election was made knowingly.

N.J. Admin. Code § 19:25-24.2

Amended by 56N.J.R. 1109(b), effective 6/17/2024