A.
Any other provision of law to the contrary notwithstanding, the municipality or any of its purchasing agents or agencies or those of its independent authorities, as the case may be, shall not enter into an agreement or otherwise contract to procure professional, banking, insurance coverage services or any other consulting services, including those awarded pursuant to a "fair and open" process, from any professional business entity if that entity has solicited or made any contribution of money, or pledge of a contribution, including in-kind contributions, to any Ho-Ho-Kus municipal candidate or holder of the public office having ultimate responsibility for the award of the contract or campaign committee supporting such candidate or officeholder or to any Ho-Ho-Kus or Bergen County party committee or to any political action committee (PAC) that regularly engages in the support of municipal elections and/or municipal parties in excess of the thresholds specified in Subsection D within one calendar year immediately preceding the date of the contract or agreement.
B.
No professional business entity which enters into negotiations for, or agrees to, any contract or agreement with the municipality or any department or agency thereof or of its independent authorities for the renditions of professional, banking or insurance coverage services or any other consulting services, including those awarded pursuant to a "fair and open" process, shall solicit or make any contribution of money, or pledge of a contribution, including in-kind contributions, to any Ho-Ho-Kus municipal candidate or holder of the public office having ultimate responsibility for the award of the contract or campaign committee supporting such candidate or officeholder or to any Ho-Ho-Kus or Bergen County party committee or to any political action committee (PAC) that regularly engages in the support of municipal elections and/or municipal parties between the time of first communications between that business entity and the municipality regarding a specific professional services agreement and the latter of the termination of negotiations or the completion of the contract or agreement.
C.
For purposes of this chapter, a "professional business entity" seeking a public contract means 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 the aggregate employed by the entity, as well as any subsidiaries directly controlled by the business entity.
D.
Any individual meeting the definition of "professional business entity" under this section may annually contribute a maximum of $300 each for any purpose to any candidate for Mayor or governing body or $300 to the municipal party committee or $500 to the Bergen County party committee or to a PAC referenced in this chapter without violating Subsection A of this section. However, any group of individuals meeting the definition of "professional business entity" under this section, including such principals, partners, and officers of the entity in the aggregate, may not annually contribute for any purpose in excess of $2,500 to all Ho-Ho-Kus candidates and officeholders with ultimate responsibility for the award of the contract, and all municipal or Bergen County political parties and PACs referenced in this chapter combined, without violating Subsection A of this section.
E.
For purposes of this section, the office that is considered to have ultimate responsibility for the award of the contract shall be: