New Jersey § 34:1b-327

§ 34:1b-327.

a. Prior to March 1, 2029 , for redevelopment projects eligible pursuant to section 57 of P.L.2020, c. 156 ( C.34:1B-325 ), the authority shall award incentive awards based on the order in which complete,

qualifying applications were received by the authority. If a developer intends to apply to both the authority and the agency for subsidies,

the developer shall notify the agency simultaneously with any application made to

the authority. The authority shall transmit its grant determination for such residential projects

to the agency along with any information developed by the authority and confirmation

of the authority's intent to provide an incentive award or award to the project. Approval of an application by the agency shall be the final determination required

for an incentive award for a residential project under this section. b. Prior to allocating an incentive award to a redevelopment project, the authority

shall confirm with the Department of Labor and Workforce Development, the Department

of Environmental Protection, and the Department of the Treasury that the developer

is in substantial good standing with the respective department, or a developer not

in substantial good standing with each department has entered into an agreement with

the respective department that includes a practical corrective action plan for the

developer, and that the developer shall confirm that each contractor or subcontractor

performing work at the redevelopment project: (1) is registered as required by “The

Public Works Contractor Registration Act,” P.L.1999, c. 238 ( C.34:11-56.48 et seq. ); (2) has not been debarred by the Department of Labor and Workforce Development

from engaging in or bidding on Public Works Contracts in the State; and (3) possesses

a tax clearance certificate issued by the Division of Taxation in the Department of

the Treasury. The authority may also contract with an independent third party to perform a background

check on the developer. Provided that the developer, and all contractors and subcontractors, are in compliance

with this subsection, the authority shall allocate incentive awards to redevelopment

projects according to the redevelopment project's score and until either the available

incentive awards are exhausted or all redevelopment projects obtaining the minimum

score receive an incentive award, whichever occurs first. If insufficient funding exists to fully fund all eligible projects, a project may

be offered partial funding.