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New Jersey Statutes, Title: 34, LABOR AND WORKMEN'S COMPENSATION
Chapter 1b:
Section: 34:1b-166: Definitions relative to local-State business incentive promotion.
2. As used in this act:
"Act" means the "Local-State Business Incentive Promotion Act."
"Applicant" means any business within a county or municipality applying for a loan pursuant to this act.
"Authority" means the New Jersey Economic Development Authority established pursuant to section 4 of P.L.1974, c.80 (C.34:1B-4).
"Business" means a corporation; sole proprietorship; partnership; corporation that has made an election under Subchapter S of Chapter One of Subtitle A of the Internal Revenue Code of 1986, or any other business entity through which income flows as a distributive share to its owners; limited liability company; nonprofit corporation; or any other form of business organization located either within or outside this State.
"Loan" means money loaned to a business by the authority for the purpose of retaining existing business or attracting new business to a county or municipality pursuant to this act.
"Program" means the Local-State Business Incentive Promotion Program established pursuant to section 3 of this act.
L.1998,c.94,s.2.
This section added to the Rutgers Database: 2012-09-26 13:37:50.
Older versions of 34:1b-166 (if available):
Court decisions that cite this statute:
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