- Associated Press - Thursday, May 28, 2015

TRENTON, N.J. (AP) - A member of the New Jersey Assembly has introduced a bill that would bar giving economic development subsidies to companies that are in default in other state subsidy programs.

Assemblyman Tim Eustace introduced the bill earlier this month but announced it on Thursday.

The issue came to the public’s attention in March when The Associated Press found that Roizman Development Inc. was a key player in a partnership approved for $13.4 million in state tax credits to renovate homes in Camden, even though the same company is more than $6 million delinquent on payments on a state loan for another housing project.

Identical legislation has also been introduced in the state Senate.

Copyright © 2018 The Washington Times, LLC.

The Washington Times Comment Policy

The Washington Times is switching its third-party commenting system from Disqus to Spot.IM. You will need to either create an account with Spot.im or if you wish to use your Disqus account look under the Conversation for the link "Have a Disqus Account?". Please read our Comment Policy before commenting.


Click to Read More and View Comments

Click to Hide