Requires local government units to provide opportunities for military- or veteran-owned businesses to supply materials and services for projects receiving funding from NJ Infrastructure Bank.

This bill requires local government units receiving loans or guarantees from the New Jersey Infrastructure Bank to create programs helping military- or veteran-owned businesses compete for contracts. It adds this requirement to existing rules that already mandate programs for minority workers and socially disadvantaged contractors. The law directs the Infrastructure Bank to adopt rules ensuring at least 10% of contract funds support small businesses owned by disadvantaged individuals (with federal project requirements adjusted per federal law). It directly affects local governments managing infrastructure projects funded by the bank and military/veteran-owned businesses seeking contract opportunities. The change supplements current contracting policies without altering other existing requirements.