New Jersey A2774 prohibits agreements to conceal information on data center development.

New Jersey A2774 prohibits applicants for data center development from entering into agreements, including non-disclosure agreements, that conceal details or prevent public review. These agreements are deemed against public policy and unenforceable. An approving authority or municipal agency cannot approve plans or grants if the applicant violates this provision. The applicant must attest that no party involved in the real estate transaction entered into such agreements with the property seller. This act applies specifically to data centers and takes effect immediately.

New Jersey A2774 prohibits agreements to conceal information on data center development.

New Jersey A2774 prohibits applicants for data center development from entering into agreements, including non-disclosure agreements, that conceal details or prevent public review. These agreements are deemed against public policy and unenforceable. An approving authority or municipal agency cannot approve plans or grants if the applicant violates this provision. The applicant must attest that no party involved in the real estate transaction entered into such agreements with the property seller. This act applies specifically to data centers and takes effect immediately.