This bill amends the definition of "contracting unit" within the context of cooperative purchasing agreements for government entities in New Jersey. The revised definition now includes "State authority or agency" while excluding State boards, commissions, and committees from eligibility to participate in these agreements. This change allows State authorities and agencies to engage in cooperative purchasing agreements that have been developed through a competitive bidding process, thereby expanding the scope of entities that can benefit from such agreements.

Additionally, the bill maintains the existing provisions that allow the Director of the Division of Purchase and Property to enter into cooperative purchasing agreements with other states or political subdivisions, ensuring that these agreements can be utilized when deemed cost-effective. The Director is required to review and approve the specifications and terms of any contracts awarded through these agreements, ensuring oversight and accountability in the procurement process. The bill is set to take effect immediately upon passage.

Statutes affected:
Introduced: 52:34-6.2