The bill establishes the "New Jersey Small Business Indoor Air Quality Management Support Program," which aims to provide loans to eligible small businesses for improving indoor air quality. The program will be administered by the New Jersey Economic Development Authority in consultation with the New Jersey Department of Environmental Protection. Eligible small businesses, defined as independently owned entities with 100 or fewer full-time employees operating primarily in New Jersey, can apply for loans that may be used for various purposes, including capital purchases, employee training, and salaries for new positions. The authority will set the interest rates and terms for these loans and may require businesses to submit audited financial statements to ensure their continued viability.

Additionally, businesses that receive grants through this program can apply for a New Jersey Small Business Indoor Air Quality Management Certification, contingent upon passing an indoor air quality management inspection conducted by the Department of Environmental Protection. This inspection will follow the Indoor Air Quality Management Checklist from the United States Environmental Protection Agency. The bill also mandates that any work funded through the program must be performed by certified organizations, ensuring compliance with established standards. The authority is tasked with adopting necessary rules and regulations for the program's implementation, which will take effect 90 days after enactment.