As used in this chapter, the following terms shall have the
meanings indicated:
BUSINESS ENTITY SEEKING A PUBLIC CONTRACT
An individual, including the individual's spouse, if
any, and any child living at home, person, firm, corporation, professional
corporation, partnership, organization or association. The definition
of a "business entity" includes all principals who own 10% or more
of the equity in the corporation or business trust, partners, and
officers in aggregate employed by the entity as well as any subsidiaries
directly controlled by the business entity.
PROFESSIONAL BUSINESS ENTITY
A business entity, as defined in this section, which provides
services by individuals who are required to be professionally licensed
under the laws or regulations of this state or which provides extraordinary
unspecifiable services pursuant to N.J.S.A. 40A:11-5(1)(a)(ii).
No contribution of money or any other thing of value, including
in-kind contributions, made by a professional business entity to any
candidate for, or holder of, the office of Mayor or Council of the
Township of Lower shall be deemed a violation of this chapter, nor
shall an agreement for services be disqualified thereby, if that contribution
or agreement was made by the professional business entity prior to
the effective date of this chapter.