This bill amends the definition of "contracting unit" within New Jersey law to expand the types of entities eligible to participate in cooperative purchasing agreements. Specifically, it replaces the previous language that excluded "State authority or agency" from the definition with a new inclusion of these entities, allowing them to engage in cooperative purchasing agreements developed through competitive bidding processes. The revised definition now includes local units, State colleges and universities, public research universities, county colleges, and State authorities or agencies, while still excluding State boards, commissions, and committees.

The bill aims to enhance the efficiency and cost-effectiveness of government procurement by allowing a broader range of entities to utilize cooperative purchasing agreements. This change is intended to facilitate better collaboration among various government units and improve access to competitively priced goods and services. The act will take effect immediately upon passage, enabling the newly defined contracting units to participate in cooperative purchasing agreements without delay.

Statutes affected:
Introduced: 52:34-6.2