ASSEMBLY COMMERCE, ECONOMIC DEVELOPMENT AND AGRICULTURE COMMITTEE

STATEMENT TO

ASSEMBLY, No. 5420

STATE OF NEW JERSEY

DATED:  MARCH 20, 2025

      The Assembly Commerce, Economic Development and Agriculture Committee reports favorably Assembly Bill No. 5420.

      This bill permits a State agency, department, or authority to extend current law’s 60-calendar day cure period for a business by an additional 30 calendar days under certain circumstances.

      Current law permits a State agency, department, or authority to suspend enforcement of a monetary fine or civil penalty imposed on a business for a first-time violation for a period of 60 calendar days if the violation does not: result in a significant adverse impact to the public safety or welfare, result in loss of income or benefits to an employee, or present the risk of environmental harm. 

      Under the bill, a State agency, department, or authority may extend the 60-calendar day cure period for a business by an additional 30 calendar days if the State agency, department, or authority determines that not providing the extension would be contrary to equity and good conscience.