A.
Contracts in excess of $17,500.
(1)
Any other provision of the law to the contrary notwithstanding, the Township, or any agency or instrumentality thereof, shall not enter into a contract having an anticipated value in excess of $17,500 (see N.J.S.A. 40A:11-3) as determined in advance and certified in writing by the Township, agency or instrumentality with a business entity that has made a political contribution that is reportable by the recipient under N.J.S.A. 19:44A-1 et seq. to any municipal committee of a political party in that municipality if a member of that political party is serving in an elective public office of that municipality when the contract is awarded or to any candidate committee of any person serving in an elective public office of that municipality when the contract is awarded; and
(2)
A business entity that has entered into a contract having an anticipated value in excess of $17,500 (see N.J.S.A. 40A:11-3) with the Township or any agency or instrumentality thereof, except a contract that is awarded pursuant to a fair and open process, shall not make such a contribution reportable by the recipient under N.J.S.A. 19:44A-1 et seq., to any municipal committee of a political party in the Township if a member of that political party is serving in an elective public office of the Township when the contract is awarded or to any candidate committee of any person serving in an elective public office of the Township when the contract is awarded, during the term of that contract.
B.
Notwithstanding the provisions of Subsection A above, although New Jersey Statutes address contracts with an anticipated value in excess of $17,500, all other licensed professionals who are subject to appointment either annually or for a time period as otherwise set forth by statute that may enter into a contract having an anticipated value of less than $17,500 shall also be subject to the fair and open process as set forth herein so as to provide the Township with uniformity in both time frames to receive request for proposal as well as documentation required to be submitted.
C. BUSINESS ENTITY INTEREST
Definitions. As used in this article, the following terms shall have the meanings indicated:
Any natural or legal person, business corporation, professional services corporation, limited liability company, partnership, limited partnership, business trust, association or any legal commercial entity organized under the laws of this state or any other state or foreign jurisdiction.
The ownership or control of more than 10% of the stock, assets, or profits of any publicly held company and any percentage interest of a privately held or closed corporation.