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 funds in their informational and promotional materials. The notice is required to be included in any written communications to media outlets, as well as on placards or banners at public events or when providing goods or services free of charge to the public. 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 defines "economic development subsidy" as financial assistance exceeding $500 provided to a business entity by a State public body, aimed at stimulating 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.