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NJ S4322
Bill
Status
5/12/2025
Primary Sponsor
Angela Mcknight
Click for details
AI Summary
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State agencies must give minority-owned and women-owned businesses a price preference of up to 10 percent when awarding publicly advertised contracts paid with State funds
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If a minority or women's business meets contract requirements and is the lowest bidder after applying the preference, the State agency must award the contract to that business
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When multiple qualified minority or women's businesses are the lowest bidders using the preference, the contract goes to the one with the absolute lowest bid
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If a minority or woman owner dies during the contract term or bidding process and the surviving spouse acquires the ownership interest, the business remains eligible for the preference
Legislative Description
Establishes price preference program on State contracts for minority and women's businesses.
State Government, Wagering, Tourism & Historic Preservation
Last Action
Introduced in the Senate, Referred to Senate State Government, Wagering, Tourism & Historic Preservation Committee
5/12/2025