Establishes price preference program on State contracts for service-disabled veteran-owned businesses.

This bill creates a 10% price preference for service-disabled veteran-owned businesses when bidding on New Jersey state contracts paid with public funds. It requires state agencies to award contracts to the lowest qualified bidder after applying this preference, or to the lowest bid among multiple eligible veteran-owned businesses. To qualify, a business must be 51% owned and controlled by disabled veterans (certified by the VA), based in New Jersey, and managed by disabled veterans or their spouses if the veteran has a severe disability. The preference also extends to surviving spouses who take over the business after a veteran owner's death.