New Jersey § 34:1b-347

§ 34:1b-347.

Beginning the year next following the year in which P.L.2020, c. 156 ( C.34:1B-269 et al.) takes effect 1 and every two years thereafter, a State college or university shall, pursuant to

an agreement executed between the State college or university and the authority, prepare

a report on the implementation of the program, and submit the report to the authority,

the Governor, and, pursuant to section 2 of P.L.1991, c. 164 ( C.52:14-19.1 ), to the Legislature. Each biennial report required under this section shall include a description of

each eligible business receiving a tax credit under the program, a detailed analysis

of the consideration given to each applicant, an analysis of whether the incentives

awarded influenced the eligible business's decisions to locate a qualified business

facility in the State, the return on investment for incentives awarded, the eligible

business's impact on the State's economy, and any other metrics the State college

determines are relevant based upon national best practices. The authority shall prepare a written response to the report, which the authority

shall submit to the Governor and, pursuant to section 2 of P.L.1991, c. 164 ( C.52:14-19.1 ), to the Legislature. 1

L.2020, c. 156, eff. Jan. 7, 2021.