Requires State agencies to make good faith effort to increase awarding of contracts procured without advertisement to minority- and women-owned businesses.

This bill requires New Jersey state agencies and procurement directors to make a good faith effort to increase contracts awarded to certified minority- and women-owned businesses for purchases not requiring public bidding (typically under $250,000). It sets a specific goal of achieving a 30% aggregate increase in these contracts within five years of the bill's effective date. To meet this, state agencies must submit monthly reports to the State Treasurer detailing their efforts, while the Treasurer develops implementation guidelines and submits biannual reports to the Governor and Legislature on progress. The bill directly affects state agencies handling procurement, the Division of Purchase and Property, and the Division of Property Management and Construction.