3. a. Any person convicted of an offense in violation of section 1 of P.L.2019, c.339 (C.2C:35-11.1) shall be ineligible, either directly or indirectly, to submit a bid, enter into any contract, or conduct business with any board, agency, authority, department, commission, public corporation, or other body of this State, of this and one or more other states, or of any political subdivision of this State, for a period of not more than 10 years from the date of conviction for a crime of the second degree, five years from the date of conviction for a crime of the third degree, and two years from the date of conviction for a crime of the fourth degree. It is the purpose of this subsection to prohibit any individual convicted of an offense in violation of section 1 of P.L.2019, c.339 (C.2C:35-11.1) and any business, including any corporation, partnership, association or proprietorship in which the individual is a principal, or with respect to which the individual owns, directly or indirectly, or controls five percent or more of the stock or other equity interest of the business, from conducting business with public entities in this State.
b. The State Treasurer shall establish and maintain a current list of all persons and entities that are subject to the restrictions set forth in subsection a. of this section based on a conviction of an offense in violation of section 1 of P.L.2019, c.339 (C.2C:35-11.1).