The bill establishes the New Jersey Artificial Intelligence Advisory Council, which is tasked with studying the implications of artificial intelligence (AI) for State agencies. The council will consist of seven members, including the Chief Technology Officer, two members from the General Assembly, two from the Senate, and two public members with expertise in AI. The council's primary objectives include assessing the need for a State code of ethics for AI, identifying the advantages and disadvantages of AI procurement and implementation, recommending guidelines for ethical practices, developing strategies for supporting AI technologies, and reviewing automated decision systems for ethical concerns.

The council is required to issue a final report of its findings and recommendations to the Governor and the Legislature within one year of its first meeting. The council will be supported by the Office of Information Technology and will operate without compensation for its members, who will be reimbursed for necessary expenses. The council will dissolve upon the submission of its report.