Requires local government units to provide opportunities for military- or veteran- owned businesses to supply materials and services for projects receiving funding from NJ Infrastructure Bank.

A2415

ASSEMBLY, No. 2415

STATE OF NEW JERSEY

222nd LEGISLATURE

�

PRE-FILED FOR INTRODUCTION IN THE 2026 SESSION

Sponsored by:

Assemblywoman TENNILLE R. MCCOY

District 14 (Mercer and Middlesex)

Co-Sponsored by:

Assemblyman Rumpf

SYNOPSIS

���� Requires local government units to provide
opportunities for military- or veteran- owned businesses to supply materials
and services for projects receiving funding from NJ Infrastructure Bank.

CURRENT VERSION OF TEXT

���� Introduced Pending Technical Review by Legislative
Counsel.

��

An Act
concerning certain contracts for projects receiving
funding from New Jersey Infrastructure Bank and amending P.L.1985, c.334.

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

���� 1.� Section 26 of P.L.1985,
c.334 (C.58:11B-26) is amended to read as follows:

���� 26.� a.� The trust shall adopt
rules and regulations requiring a local government unit which receives a loan
or guarantee for a project to establish an affirmative action program for the
hiring of minority workers in the performance of any construction contract for
that project
[
and
]

,
to
establish a program to provide opportunities for socially and economically
disadvantaged contractors and vendors to supply materials and services for the
contract, consistent with the provisions of the "Law Against Discrimination,"
P.L.1945, c.169 (C.10:5-1 et seq.)
, and to establish a program to provide
opportunities for businesses owned by members of the military or veterans, or
their spouses, to supply materials and services for the contract
.� Not
less than 10 percent of the amount of any contract for construction, materials
or services for a project shall be awarded to small business concerns owned and
controlled by socially and economically disadvantaged individuals as defined in
the "Small Business Act," Pub.L.85-536 (15 U.S.C. s.631 et seq.), and
any regulations promulgated pursuant thereto provided, however, that
[
the
]

for

projects funded, in whole or in part, with federal funds, the percentage of
such contracts awarded to small business concerns owned and controlled by
socially and economically disadvantaged individuals shall equal the goal for
participation set forth in section 644(g)(1)(A)(iv) of the "Small Business
Act," Pub.L.85-536 (15 U.S.C. s.644).� For transportation financing
program projects funded in whole with State funds, contracts for construction
materials or services shall comply with the small business set aside
regulations promulgated pursuant to section 15 of P.L.1983, c.482 (C.52:32-31).

���� b.��� The trust shall adopt
rules and regulations requiring any entity, which receives a loan, grant, or
guarantee for a project to pay not less than the prevailing wage rate to
workers employed in the performance of any construction contract for that
project, in accordance with the rate determined by the Commissioner of Labor
and Workforce Development pursuant to P.L.1963, c.150 (C.34:11-56.25 et seq.).

(cf: P.L.2019, c.194, s.6)

���� 2.� This act shall take effect
immediately.

STATEMENT

���� This bill would require the
New Jersey Infrastructure Bank (NJIB) to adopt rules and regulations requiring
a local government unit which receives a loan or guarantee for a project to
establish a program to provide opportunities for businesses owned by members of
the military or veterans, or their spouses, to supply materials and services
for a contract.� Under current law, the NJIB is required to adopt rules and
regulations requiring a local government unit that receives a loan or guarantee
for a project to establish an affirmative action program for the hiring of
minority workers in the performance of any construction contract for that
project and to establish a program to provide opportunities for socially and
economically disadvantaged contractors and vendors to supply materials and
services for the contract, consistent with the provisions of the "Law
Against Discrimination," P.L.1945, c.169 (C.10:5-1 et seq.).� This bill
would expand the requirement to require a program to provide opportunities for
businesses owned by members of the military or veterans, or their spouses, to
supply materials and services for the contract.