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Bill > A730

NJ A730

NJ A730
Requires local government units to provide opportunities for military- or veteran- owned businesses to supply materials and services for projects receiving funding from NJ Infrastructure Bank.

summary

Introduced
01/09/2024
In Committee
01/09/2024
Crossed Over
Passed
Dead
01/12/2026

Introduced Session

2024-2025 Regular Session

Bill Summary

This bill would require the New Jersey Infrastructure Bank (NJIB) to adopt rules and regulations requiring a local government unit which receives a loan or guarantee for a project to establish a program to provide opportunities for businesses owned by members of the military or veterans, or their spouses, to supply materials and services for a contract. Under current law, the NJIB is required to adopt rules and regulations requiring a local government unit that receives a loan or guarantee for a project to establish an affirmative action program for the hiring of minority workers in the performance of any construction contract for that project and to establish a program to provide opportunities for socially and economically disadvantaged contractors and vendors to supply materials and services for the contract, consistent with the provisions of the "Law Against Discrimination," P.L.1945, c.169 (C.10:5-1 et seq.). This bill would expand the requirement to require a program to provide opportunities for businesses owned by members of the military or veterans, or their spouses, to supply materials and services for the contract.

AI Summary

This bill requires the New Jersey Infrastructure Bank (NJIB) to adopt rules and regulations requiring local government units that receive NJIB loans or guarantees for projects to establish a program to provide opportunities for businesses owned by members of the military, veterans, or their spouses to supply materials and services for the project contracts. This expands the current requirement for local government units to establish programs for the hiring of minority workers and opportunities for socially and economically disadvantaged contractors and vendors.

Committee Categories

Military Affairs and Security

Sponsors (2)

Last Action

Introduced, Referred to Assembly Military and Veterans' Affairs Committee (on 01/09/2024)
(2 Companion Bills)

bill text

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bill summary

Document Type Source Location
State Bill Page https://www.njleg.state.nj.us/bill-search/2024/A730
BillText https://pub.njleg.gov/Bills/2024/A1000/730_I1.HTM
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