Bill
Bill > A411
NJ A411
NJ A411Establishes price preference program on State contracts for service-disabled veteran-owned businesses.
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 establishes a price preference program for service-disabled veteran-owned businesses competing for State contracts. Under current law, certain purchases or contracts payable out of State funds are publicly advertised and competitively bid on by businesses. The State then awards the contract to the lowest bidder. This bill would establish a price preference of up to 10 percent of the amount of the contract to a qualified disabled veterans' business. If the disabled veterans' business meets the requirements of the contract solicitation and is the lowest bidder due to the preference program, a State agency will enter into a procurement contract with the disabled veterans' business. If two or more qualified disabled veterans' businesses bid on a contract utilizing the preference program, the disabled veterans' business with the lowest bid will be awarded the contract. This bill defines "disabled veteran" to mean a resident of this State who has been certified by the United States Department of Veterans Affairs as having any degree of service-connected disability. This bill defines "qualified disabled veterans' business" to mean an independently owned and operated business that has its principal place of business in the State, at least 51 percent of which is owned and controlled by persons who are disabled veterans, and the management and daily business operations are controlled by one or more disabled veterans or, in the case of a disabled veteran with a permanent and severe disability, are controlled by the spouse of such veteran.
AI Summary
This bill establishes a price preference program for service-disabled veteran-owned businesses when they bid on State contracts, which are typically awarded to the lowest bidder. Under this program, a qualified disabled veterans' business, defined as a State resident with a service-connected disability certified by the U.S. Department of Veterans Affairs and an independently owned business where at least 51% is owned and controlled by disabled veterans (or their spouse in cases of severe disability), can receive a price preference of up to 10% of the contract amount. If this preference makes the business the lowest bidder while still meeting the contract's requirements, the State agency will award them the contract; if multiple qualified businesses bid, the one with the lowest bid after the preference is applied will win. The bill also ensures that a business remains eligible for the preference if a disabled veteran owner dies and their spouse inherits the ownership interest.
Committee Categories
Military Affairs and Security
Sponsors (2)
Last Action
Introduced, Referred to Assembly Military and Veterans' Affairs 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/A411 |
| BillText | https://pub.njleg.gov/Bills/2026/A0500/411_I1.HTM |
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