This bill establishes strict regulations regarding the development of data centers in New Jersey, specifically prohibiting applicants and their agents from entering into agreements, including non-disclosure agreements, that aim to conceal information or prevent public review of development plans. Such agreements with approving authorities, municipal agencies, or property sellers are deemed against public policy and therefore unenforceable. Additionally, applicants must attest that no such agreements were made during the real estate transaction for the property intended for development.

Furthermore, the bill stipulates that approving authorities or municipal agencies cannot approve any site plans, subdivisions, or other required approvals if the applicant has violated the provisions outlined in this legislation. It clarifies that the restrictions do not extend to agreements related to the development of structures other than data centers, as long as they comply with existing laws like the "Senator Byron M. Baer Open Public Meetings Act." The bill is set to take effect immediately upon passage.