NJ S3784

State agencies, the Director of the Division of Purchase and Property, and the Director of the Division of Property Management and Construction must make good faith efforts to increase contracts awarded to certified minority-owned and women-owned businesses by 30 percent in aggregate within five years

The requirement applies specifically to goods and services contracts procured without advertisement (those under current thresholds of $250,000 for goods/services and $25,000 for construction)

The State Treasurer must develop guidelines and directives for agencies to achieve the goal, ensuring compliance with State and federal law

State agencies must submit written reports every 30 days to the State Treasurer detailing their implementation efforts and progress toward the goal

The State Treasurer must submit semi-annual reports to the Governor and Legislature documenting implementation, actions taken by all agencies and directors, and progress toward achieving the 30 percent increase