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S3925 • 2026

Establishes price preference program on State contracts for minority and women's businesses.

Establishes price preference program on State contracts for minority and women's businesses.

Passed Legislature

This bill passed both chambers and reached final enrollment, even if later executive action is not shown here.

Sponsor
McKnight, Angela V.
Last action
2026-03-12
Official status
Introduced in the Senate, Referred to Senate State Government, Wagering, Tourism & Historic Preservation Committee
Effective date
Not listed

Plain English Breakdown

Using official source text because the generated explanation was unavailable or could not be confirmed against the official bill text.

Establishes price preference program on State contracts for minority and women's businesses.

Establishes price preference program on State contracts for minority and women's businesses.

What This Bill Does

  • Establishes price preference program on State contracts for minority and women's businesses.
  • Topic: State Government, Wagering, Tourism & Historic Preservation Fiscal note: This bill has been certified by OLS for a fiscal note.

Limits and Unknowns

  • This entry is temporarily using official source text because the generated explanation could not be confirmed against the official bill text during the last sync.

Bill History

  1. 2026-03-12 New Jersey Legislature

    Introduced in the Senate, Referred to Senate State Government, Wagering, Tourism & Historic Preservation Committee

Official Summary Text

Establishes price preference program on State contracts for minority and women's businesses.
Topic:
State Government, Wagering, Tourism & Historic Preservation
Fiscal note:
This bill has been certified by OLS for a fiscal note.

Current Bill Text

Read the full stored bill text 
S3925

SENATE, No. 3925

STATE OF NEW JERSEY

222nd LEGISLATURE

�

INTRODUCED MARCH 12, 2026

Sponsored by:

Senator� ANGELA V. MCKNIGHT

District 31 (Hudson)

SYNOPSIS

���� Establishes price preference program on State
contracts for minority and women�s businesses.

CURRENT VERSION OF TEXT

���� As introduced.

��

An Act

concerning preferences for State contracts for minority
and women�s businesses and supplementing P.L.1954, c.48 (C.52:34-6 et seq.).

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

���� 1.��� In awarding a contract
which is paid with State funds and publicly advertised for bids, a State agency
shall give a preference of up to 10 percent of the amount of the contract to a minority
business or a women�s business.� If the minority business or women�s business
otherwise meets the requirements of the contract solicitation and with the
preference is the lowest bidder, a State agency shall enter into a procurement
contract with that business.� If two or more such businesses are the lowest
bidders on a contract, the business with the lowest bid shall be awarded the
contract.

���� If a minority or woman owner
dies during the term of a contract or in the bidding process for a contract and
the surviving spouse acquires the minority or woman�s ownership interest in the
business, the business shall remain eligible for the preference and that
contract during the term of the contract or the bidding process for that
contract.

���� As used in this act:

���� �Minority business� means the
same as that term is defined in section 2 of P.L.1986, c.195 (C.52:27H-21.18);
and

���� �Women�s business� means the
same as that term is defined in section 2 of P.L.1986, c.195 (C.52:27H-21.18).

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

STATEMENT

���� This bill establishes a price
preference program for minority businesses and women�s businesses that are
competing for State contracts.

���� Under current law, certain
purchases or contracts payable out of State funds are publicly advertised and
competitively bid on by businesses.� The State then awards the contract to the
lowest bidder.

���� This bill would establish a
price preference of up to 10 percent of the amount of the contract to a minority
business or a women�s business.� If the business meets the requirements of the
contract solicitation and is the lowest bidder due to the preference, a State
agency will enter into a procurement contract with that business.� If two or
more qualified businesses bid on a contract utilizing the preference program,
the business with the lowest bid will be awarded the contract.