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Bill > S2774
NJ S2774
NJ S2774Requires 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
02/15/2024
02/15/2024
In Committee
02/15/2024
02/15/2024
Crossed Over
Passed
Dead
01/12/2026
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 that receives a loan or guarantee for a project to establish a program to provide opportunities for businesses that are owned by members of the military, by veterans, or by the spouses thereof, to supply materials and services for the contract. Under the current law being amended by the bill, the NJIB is required to adopt rules and regulations requiring a local government unit that receives a project loan or guarantee to establish: (1) an affirmative action program for the hiring of minority workers in the performance of any construction contract for that project; and (2) 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.). The bill would supplement those existing requirements by providing for the NJIB to additionally require a local government recipient of a project loan or guarantee to establish a program providing certain opportunities to businesses that are owned by military service members or veterans, or by the spouses thereof.
AI Summary
This bill requires the New Jersey Infrastructure Bank (NJIB), which provides loans and guarantees for local government projects, to implement new rules. Specifically, the NJIB must ensure that local governments receiving funding establish programs that offer opportunities for businesses owned by military members, veterans, or their spouses to supply materials and services for these projects. This requirement is in addition to existing mandates for affirmative action in hiring minority workers and providing opportunities for socially and economically disadvantaged contractors and vendors. The bill aims to expand support for veteran-owned businesses within the framework of infrastructure project contracting.
Committee Categories
Agriculture and Natural Resources
Sponsors (2)
Last Action
Introduced in the Senate, Referred to Senate Environment and Energy Committee (on 02/15/2024)
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/2024/S2774 |
| BillText | https://pub.njleg.gov/Bills/2026/S3000/2774_I1.HTM |
| BillText | https://pub.njleg.gov/Bills/2024/S3000/2774_I1.HTM |
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