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Code · New Jersey · Title 52 — Savings and Loan Associations [Repealed] · Chapter 39

52:39-11 Construction of act.

98 words·~1 min read·/nj/title-52/chapter-39/52-39-11

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11. Nothing in this act shall be construed as requiring a recipient corporation to reduce wage or benefit rates of any employee or be construed as permitting a recipient corporation:
a. To reduce wage or benefit rates established by a collective bargaining agreement or required by any law or regulation; or
b. To provide, in return for a development subsidy, jobs with lower wage or benefit rates, a smaller number of jobs, or jobs for a shorter period of time, than is required with respect to the development subsidy by any other law or regulation.
L.2007, c.200, s.11.
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