Establishes procedures and standards regarding public service privatization contracts.

This bill establishes rules for when New Jersey state and local agencies contract with private companies to replace public employees providing services (e.g., sanitation, maintenance). It requires agencies to use competitive bidding for contracts over $500,000 (local) or $1 million (state), prove substantial cost savings, and ensure services maintain current quality and pricing. Key provisions include mandating public disclosure of bid details, requiring contractors to match public employee wages/benefits, and demanding quarterly public reports on service quality and costs. Contracts must not increase fees for the public or reduce service standards, and agencies must retain the ability to reclaim services if needed. Exclusions cover emergency contracts, IT services, and certain rehabilitation programs.