Bill
Bill > S3654
NJ S3654
NJ S3654Increases bid advertising threshold on certain purchases, contracts, or agreements.
summary
Introduced
02/27/2023
02/27/2023
In Committee
02/27/2023
02/27/2023
Crossed Over
Passed
Dead
01/08/2024
01/08/2024
Introduced Session
2022-2023 Regular Session
Bill Summary
Increases bid advertising threshold on certain purchases, contracts, or agreements.
AI Summary
This bill increases the bid advertising threshold on certain purchases, contracts, or agreements. Specifically, it raises the threshold for purchases of goods or services from $150,000 to $200,000 starting January 1, 2023, and to $250,000 starting January 1, 2024 and thereafter. It also increases the threshold for contracts or agreements related to the erection, construction, alteration, or repair of public buildings or facilities from $25,000 to $150,000. The bill also allows the Governor, in consultation with the Department of the Treasury, to adjust these threshold amounts every five years to account for changes in the index rate.
Committee Categories
Government Affairs
Sponsors (1)
Last Action
Introduced in the Senate, Referred to Senate State Government, Wagering, Tourism & Historic Preservation Committee (on 02/27/2023)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.njleg.state.nj.us/bill-search/2022/S3654 |
| BillText | https://pub.njleg.gov/Bills/2022/S4000/3654_I1.HTM |
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