Institutes State contract set-aside program for union business enterprises.

This bill establishes a New Jersey state program reserving certain government contracts exclusively for "union business enterprises" - businesses with union workforces, based in New Jersey, that hire apprentices and maintain diverse hiring practices. It requires state agencies to award at least 22% of their contracts to these businesses through designated set-asides, administered by the Department of the Treasury. Businesses must provide documentation proving they meet the definition, and agencies must develop annual plans to meet the 22% goal. The program includes procedures for verifying eligibility, challenging designations, and penalties for false claims, with annual reporting to track progress.