Imposes administrative fees on certain out-of State contractors.

This bill imposes a 1% administrative fee on the total value of public construction contracts awarded to out-of-state contractors in New Jersey. The fee applies specifically to contracts subject to the state's prevailing wage law and public works contractor registration rules. Contractors can reduce the fee by subtracting other state registration fees they've already paid. The collected fees would go to the state's general fund. The bill applies to contracts awarded after its effective date.