ASSEMBLY COMMUNITY DEVELOPMENT AND WOMEN'S AFFAIRS COMMITTEE

STATEMENT TO

ASSEMBLY, No. 4722

STATE OF NEW JERSEY

DATED:  SEPTEMBER 23, 2024

      The Assembly Community Development and Women's Affairs Committee reports favorably Assembly Bill No. 4722.

This bill requires State agencies, the Director of the Division of Purchase and Property, and the Director of the Division of Property Management and Construction, as the case may be, to make a good faith effort to achieve a goal of increasing the awarding of goods and services contracts procured without advertisement to certified minority-owned and women-owned businesses by 30 percent in the aggregate within five years of the effective date of the bill.  The State Treasurer will develop guidelines and directives for State agencies and directors that will be used toward the effort to achieve such goal.  Each State agency will submit a report to the State Treasurer detailing the efforts made by that agency to achieve such goal every 30 days.  The State Treasurer will submit a report to the Governor and to the Legislature detailing the efforts made by all State agencies and the directors to achieve such goal every six months.