NJ Bans Additional Loans for Companies in Default Status

NJ Bans Additional Loans for Companies in Default Status

Recently, Gov. Chris Christie announced that he signed a new bill into law that would prohibit the state of New Jersey from subsidizing low-income property developers who defaulted on state loans. According to a report by the Washington Times, the bill was initially proposed after a company received several millions of dollars from New Jersey while in default status for previously secured loans.

For the full article please visit its original source at,  http://taxtrustestatenews.com/new-jersey-bans-additional-loans-for-companies-in-default-status/

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s