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Bill > S4485


NJ S4485

NJ S4485
Establishes New Jersey Innovation Authority.


summary

Introduced
05/19/2025
In Committee
06/12/2025
Crossed Over
Passed
Dead

Introduced Session

2024-2025 Regular Session

Bill Summary

Establishes New Jersey Innovation Authority.

AI Summary

This bill establishes the New Jersey Innovation Authority, a new public body corporate and politic within the Department of the Treasury, designed to serve as the primary authority on technology innovation for the state. The authority will be governed by a 13-member board consisting of four ex officio members (including the Chief Technology Officer and State Treasurer) and nine public members appointed by the Governor, who will have expertise in areas like data science, digital technologies, and public engagement. The day-to-day operations will be directed by a Chief Innovation Officer, initially appointed by the Governor and subsequently by the authority's board. The authority's key responsibilities include advising the executive branch on innovation trends, promoting responsible use of emerging technologies, developing metrics for innovation progress, supporting technology modernization efforts, and providing centralized implementation services to streamline technology-related policy objectives. The bill also grants the authority broad powers to enter into contracts, accept private foundation funds, provide grants, procure insurance, and collaborate with nonprofit entities. Members will serve without compensation but can be reimbursed for expenses, and the authority can be dissolved by an act of the Legislature if it has no outstanding obligations. The bill aims to enhance the state's technological innovation and government service delivery capabilities.

Committee Categories

Budget and Finance, Business and Industry

Sponsors (3)

Last Action

Referred to Senate Budget and Appropriations Committee (on 06/12/2025)

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