Bill
Bill > S2167
summary
Introduced
01/13/2026
01/13/2026
In Committee
01/13/2026
01/13/2026
Crossed Over
Passed
Dead
Introduced Session
2026-2027 Regular Session
Bill Summary
This bill amends provisions in the "New Jersey Conflicts of Interest" statutes (N.J.S.A.52:13D-12 et seq.) that allow a State officer or employee, or a special State officer or employee, to enter into a contract with a State agency for the development of scientific or technological discoveries or innovations if the State agency has a property right in the discovery or innovation. This bill removes the condition that the State agency has a property right in the discovery or innovation. It will allow for the use of this provision for contracts in which State agencies does not have a property right.
AI Summary
This bill amends New Jersey's "Conflicts of Interest" statutes (N.J.S.A. 52:13D-12 et seq.) to allow State officers, employees, or special State officers and employees, or entities they have a significant stake in, to enter into contracts with State agencies for the development of scientific or technological discoveries or innovations, even if the State agency does not currently hold a property right in that discovery or innovation. Previously, such contracts were only permitted if the State agency already had a property right in the discovery or innovation. This change broadens the scope of potential contracts, provided the State agency has an approved code of ethics procedure in place to minimize conflicts of interest and the contract adheres to that procedure.
Committee Categories
Business and Industry
Sponsors (1)
Last Action
Introduced in the Senate, Referred to Senate Commerce Committee (on 01/13/2026)
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/2026/S2167 |
| BillText | https://pub.njleg.gov/Bills/2026/S2500/2167_I1.HTM |
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