Imposes administrative fees on certain out-of State contractors.

This bill imposes a 1% administrative fee on contracts awarded to out-of-state contractors who work under New Jersey's Prevailing Wage Act (P.L.1963, c.150) and Public Works Contractor Registration Act (P.L.1999, c.238). It directly affects contractors whose principal business is outside New Jersey (excluding temporary satellite offices), requiring them to pay this fee based on the total contract value. Contractors may subtract costs they already paid for state business registration from the fee amount. The collected fee is deposited into the state General Fund and applies immediately to all contracts awarded after the bill's enactment.