This bill mandates that any nonprofit entity, public entity, or business entity receiving State funds or economic development subsidies must prominently display a notice indicating their status as a recipient. The notice is required to be included in all informational and promotional materials, as well as in any written communications to media outlets, and on placards or banners at public events. However, public entities are exempt from displaying or reading this notice during meetings governed by the Senator Byron M. Baer Open Public Meetings Act.

The bill also provides a definition for "economic development subsidy," which refers to financial assistance exceeding $500 provided to a business entity by a State public body to promote economic development in New Jersey. This includes various forms of financial support such as bonds, grants, loans, and tax incentives. The bill is set to take effect immediately and will apply to the State fiscal year beginning July 1, 2025.