This bill mandates that nonprofit entities, public entities, and business entities receiving State funds or economic development subsidies must prominently display a notice indicating their status as recipients of such financial assistance. The notice is required to be included in all promotional materials, written statements disseminated to media, and on any placards or banners at public events or when providing goods or services free of charge. However, public entities are exempt from displaying or reading this notice during meetings conducted under the Senator Byron M. Baer Open Public Meetings Act.

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