Establishes price preference program on State contracts for service-disabled veteran-owned businesses.
S 1679 creates a 10% price preference for qualified service-disabled veteran-owned businesses when bidding on New Jersey state contracts paid with public funds. It directly affects businesses owned and controlled by disabled veterans (certified by the VA with service-connected disabilities) that meet specific criteria: 51% veteran ownership, New Jersey-based operations, and veteran-controlled management. The preference means if such a business meets all contract requirements and becomes the lowest bidder after applying the 10% discount, the state must award them the contract. If multiple qualified businesses bid low, the one with the lowest actual bid wins. The bill defines "qualified disabled veterans’ business" and includes provisions for surviving spouses to maintain eligibility if a veteran owner dies during the process.
Bill status
in committee
1 of 4 stages cleared
Introduction
Jan 2024
Committee Review
Floor Vote
Governor
Introduced Jan 9, 2024
Last action Jan 9, 2024
Floor votes
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Full legislative history
Actions timeline
Total actions
1
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0
Committee
0
Jan 9, 2024
Introduced
Introduced in the Senate, Referred to Senate Military and Veterans' Affairs Committee
upper
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Declan O'Scanlon
RRepublican
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