Requires boards of education, municipalities, counties, and certain other local contracting units to determine and utilize cost-saving practices when procuring goods and services.

This bill requires New Jersey school districts, municipalities, counties, and similar local government units to actively identify and implement cost-saving practices when buying goods and services. It mandates that these entities evaluate purchasing methods - like group buying or competitive bidding - to reduce expenses for items such as supplies, equipment, or services. The law applies to all procurement activities, including those under $50,000 (below the "bid threshold"), and aims to improve efficiency without altering existing contracting rules. It directly affects school boards and local governments managing public spending.