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 or Township
of Lower political party committee 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.