Better Late Then Never: State Treasurer Releases EO118 Redevelopment Entity List

As called for pursuant to Executive Order 118, the State Treasurer has finally provided guidance relating to applicable state redevelopment entities subject to pay to play restrictions. The following entities have been determined to meet definition of a "state redevelopment entity":

1) New Jersey Meadowlands Commission
2) New Jersey Redevelopment Authority
3) Capital City Redevelopment Corporation

The notice states that the list may be subject to future amendment. This notice, however, significantly limits the scope of E.O. 118 so as not to apply to redevelopment projects financed through certain agreements with the NJEDA, NJEIT, or other state entities.