Provides State agencies will not enter into contracts with business entities that require persons or public entities to submit disputes to binding arbitration.

This bill prohibits New Jersey state agencies from entering new contracts with businesses that require disputes to be resolved through binding arbitration (instead of in court). It directly affects state agencies and business entities that currently include mandatory arbitration clauses in their contracts. Key exceptions include existing contracts, contracts needed for public emergencies, and cases where arbitration might reduce competition for state contracts. The law applies immediately to all new agreements but does not alter current contracts or emergency procurement.