A4721

ASSEMBLY, No. 4721

STATE OF NEW JERSEY

221st LEGISLATURE

INTRODUCED SEPTEMBER 12, 2024

 


 

Sponsored by:

Assemblyman BENJIE E. WIMBERLY

District 35 (Bergen and Passaic)

Assemblywoman ELLEN J. PARK

District 37 (Bergen)

Assemblywoman ALIXON COLLAZOS-GILL

District 27 (Essex and Passaic)

Assemblyman WILLIAM W. SPEARMAN

District 5 (Camden and Gloucester)

 

Co-Sponsored by:

Assemblywomen Reynolds-Jackson, Hall, Peterpaul and Tucker

 

 

 

 

SYNOPSIS

Requires Department of Treasury to update New Jersey Disparity Study every five years.

 

CURRENT VERSION OF TEXT

As introduced.


An Act concerning studies on disparity in State procurement and supplementing Title 52 of the Revised Statutes.

 

Be It Enacted by the Senate and General Assembly of the State of New Jersey:

 

1. The Department of the Treasury shall prepare and submit to the Governor and to the Legislature, pursuant to section 2 of P.L.1991, c.164 (C.52:14-19.1), updates to the New Jersey Disparity Study of 2024 no later than January 1 of every fifth year beginning with January 1, 2029. The updates shall include, but need not be limited to, changes in the availability and utilization of small, minority, women, and service-disabled veteran-owned businesses in State procurement.

 

2. This act shall take effect immediately.

 

 

STATEMENT

 

This bill requires the Department of the Treasury to prepare and submit to the Governor and to the Legislature updates to the New Jersey Disparity Study of 2024 every five years, beginning with January 1, 2029. The updates will include changes in the availability and utilization of small, minority, women, and service-disabled veteran-owned businesses in State procurement.