10. Any recipient corporation that knowingly makes a false material misrepresentation in any application, report or other disclosure that the recipient corporation is required to make pursuant to this act shall refund any development subsidy to the granting body. The granting body may include provisions for the refund as part of an agreement to provide a development subsidy and may pursue an action to collect the amount of the refund plus any attorney fees and other costs of the action.
N.J. Stat. Ann. § 52:39-10
False material misrepresentation by recipient, refund to granting body
Known as the The Development Subsidy Job Goals Accountability Act
The act spans §§ 52:39-1 to 52:39-9 (12 sections).
L.2007, c.200, s.10.
Current official text: New Jersey Legislature. Digitized from the New Jersey Legislature bulk statutes download. Reproduced from public-domain New Jersey statutes; confirm against the official source for the current text. Not legal advice.