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Bill > A870


NJ A870

NJ A870
Establishes price preference program on State contracts for businesses owned by women veterans or women in military service.


summary

Introduced
01/11/2022
In Committee
11/30/2023
Crossed Over
Passed
Dead
01/08/2024

Introduced Session

2022-2023 Regular Session

Bill Summary

Establishes price preference program on State contracts for businesses owned by women veterans or women in military service.

AI Summary

This bill establishes a price preference program on state contracts for businesses owned by women veterans or women serving in the military. Under the program, state agencies are required to give a preference of up to 10% of the contract amount to qualified businesses that meet the eligibility criteria, which includes having a principal place of business in New Jersey, being independently owned and operated, and being at least 51% owned and controlled by one or more women veterans or women serving in the military. The bill also specifies that if the qualified business with the preference is the lowest bidder, the state agency must enter into a procurement contract with that business.

Committee Categories

Military Affairs and Security

Sponsors (7)

Last Action

Reported out of Assembly Committee, 2nd Reading (on 11/30/2023)

bill text


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