52:25-24.2 - Bidders to supply public agencies; statement of ownership of 10% interest in corporation or partnership - New Jersey Statutes

52:25-24.2.  Bidders to supply public agencies;  statement of ownership of 10% interest in corporation or partnership
    No corporation or partnership shall be awarded any contract nor shall any agreement be entered into for the performance of any work or the furnishing of any materials or supplies, the cost of which is to be paid with or out of any public funds, by the State, or any county, municipality or school district, or any subsidiary or agency of the State, or of any county, municipality or school  district, or by any authority, board, or commission which exercises governmental functions, unless prior to the receipt of the bid or accompanying the bid, of said corporation or said partnership, there is submitted a statement setting forth the names and addresses of all stockholders in the corporation or partnership who own 10% or more of its stock, of any class or of  all individual partners in the partnership who own a 10% or greater interest  therein, as the case may be. If one or more such stockholder or partner is  itself a corporation or partnership, the stockholders holding 10% or more of  that corporation's stock, or the individual partners owning 10% or greater  interest in that partnership, as the case may be, shall also be listed.  The  disclosure shall be continued until names and addresses of every noncorporate stockholder, and individual partner, exceeding the 10% ownership criteria established in this act, has been listed.

     L.1977, c. 33, s. 1, eff. March 8, 1977.