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NJ S3072
Bill
Status
Failed
5/13/2024
Primary Sponsor
Andrew Zwicker
Click for details
AI Summary
- Minority-owned and women-owned businesses engaged in materials and supplies procurement would no longer be disqualified from certification solely for lacking production involvement or inventory movement at their facilities
- Eligible procurement businesses must meet four criteria: place orders with distributors/manufacturers, take possession by payment, assume ownership risk, and arrange shipment to customers
- The uniform certification procedure must include guidance for identifying whether business owners have created shell companies, trusts, proxies, or other arrangements to evade ownership requirements
- Amends P.L.1987, c.55 governing the Division of Revenue's certification authority for minority and women's business enterprises in New Jersey
- Takes effect immediately upon enactment
Legislative Description
Provides additional State school aid to certain school districts; appropriates $105,886,559.
Withdrawn from the Files
Last Action
Withdrawn from Consideration
5/13/2024
Committee Referrals
Education4/8/2024
Full Bill Text
No bill text available