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NJ S4107

Bill

Status

Introduced

2/3/2025

Primary Sponsor

Angela Mcknight

Click for details

Origin

Senate

2024-2025 Regular Session

AI Summary

  • Allows spouses of State officers or employees to hold interests in casino, medical cannabis, or personal use cannabis businesses, provided the State employee has no responsibility for matters affecting or regulating those industries

  • Removes the existing requirement that the marriage must have occurred after the State officer's or employee's appointment or employment for this exemption to apply

  • Maintains the restriction that the spouse cannot be directly or individually employed by a casino license holder, cannabis permit/license holder, or related holding companies

  • Applies retroactively to February 22, 2021, the effective date of New Jersey's Cannabis Regulatory, Enforcement Assistance, and Marketplace Modernization Act (P.L.2021, c.16)

  • Amends the New Jersey Conflicts of Interest Law (P.L.1971, c.182) to clarify ethics rules regarding spousal business interests in regulated industries

Legislative Description

Permits spouses of certain State officers or employees to hold interest in certain regulated businesses.

State Government, Wagering, Tourism & Historic Preservation

Last Action

Introduced in the Senate, Referred to Senate State Government, Wagering, Tourism & Historic Preservation Committee

2/3/2025

Committee Referrals

State Government, Wagering, Tourism & Historic Preservation2/3/2025

Full Bill Text

No bill text available