The bill would expire upon the revocation of federal sanctions contained in Executive Order 14024.ĭirects DOE to develop New Jersey Student Learning Standards in information literacy. Finally, the bill prohibits the State and its subdivisions from: banking with, having or holding stock, debt, or other equity investments of, or maintaining insurance coverage through a policy issued by a financial institution on the Department of the Treasury's list. Pursuant to the bill, a person that engages in prohibited activity with the government of Russia or Belarus will be placed on a list by the Department of the Treasury and will not be permitted to: contract with State agencies, file or renew a Public Works Contractor Registration, receive an economic development subsidy from the Economic Development Authority, be awarded a municipal property tax abatement, or make or enter into a payment in-lieu of property tax agreement, apply for or receive a tax clearance certificate from the Division of Taxation, be certified by as an urban renewal entity for purposes of the 'Long Term Tax Exemption Law,' or be designated as a redeveloper by a public agency for the purposes of the 'Local Redevelopment and Housing Law.' Persons engaged in prohibited activity include those (1) companies in which the Government of Russia or Belarus has any direct equity share (2) having any business operations commencing after the effective date of this act that involve contracts with or the provision of goods or services to the Government of Russia or Belarus (3) being headquartered in Russia or having its principal place of business in Russia or Belarus, or (4) supporting, assisting or facilitating the Government of Russia or Belarus in their campaigns to invade the sovereign country of Ukraine, either through in-kind support or for profit The bill also prohibits the State from investing pension or annuity funds in a company on the Department of the Treasury's list. This bill prohibits various government dealings with businesses associated with Belarus or Russia. Prohibits government dealings with businesses associated with Belarus or Russia.
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