Establishes procedures and standards regarding public service privatization contracts.

This bill requires New Jersey state and local agencies to follow strict procedures before outsourcing public services to private contractors. It mandates competitive bidding with public documentation, ensures contractor services meet or exceed current quality and quantity standards, and requires comparable wages/benefits for contractor workers. The law applies to contracts worth $500,000+ for local agencies or $1 million+ for state agencies, excluding certain service types like legal work or disability rehabilitation contracts. Agencies must also publish quarterly reports on service quality, fees, and contractor compliance to maintain public transparency.