N.J. Stat. § 52:13D-19.1
Notwithstanding the provisions of P.L. 1971, c.182 (C.52:13D-12 et seq.), a State officer or employee or a special State officer or employee or his partners or any corporation or firm in which he owns or controls more than 1% of the stock, assets or profits may enter into a contract or agreement with a State agency where the contract or agreement is for the development of scientific or technological discoveries or innovations in which the State agency has a property right, if the State agency has a procedure in its code of ethics for authorizing these contracts or agreements which minimizes actual conflicts of interest and the code of ethics was approved in accordance with section 12 of P.L. 1971, c.182 (C.52:13D-23) and the contract or agreement complies with that code procedure.
N.J.S. § 52:13D-19.1