04.23.2010report, which calls for uniformity in New Jersey’s pay to play restrictions. The Annual Report suggests that the time has come for ELEC and the Legislature to work together to overhaul New Jersey’s pay to play system. The goal is to “simplify and standardize” the various state, county and local laws by creating a cohesive set of restrictions statewide. ELEC’s recommended changes, which require legislative action, include:
- Extending current statewide pay to play restrictions to county and municipal vendors;
- Removing the “fair and open process” exception for local pay to play laws;
- Potentially raising the reduced pay to play contribution limit from $300 to $1,000 (if the fair and open process exception is abolished); and
- Lowering the filing threshold for the ELEC Business Entity Annual Disclosure Statement from $50,000 to $17,500.
- Require business entities filing annual disclosure statements to maintain their records for four (4) years;
- Make it clear that a currency contribution in any amount will trigger pay to play prohibition and disclosure provisions; and
- Delete references to not-for-profits from the annual disclosure filing requirements.
Tag: New Jersey