Requires State agencies to submit notice of request for proposals or other documents pertinent to privatization contracts to certain State employees.

This bill requires New Jersey state agencies to notify employees who are likely to lose their jobs due to privatization at least 180 days before releasing requests for proposals or contracts for services or assets valued at $100,000 or more annually. The notice must detail the affected service or asset, include relevant documents, and inform employees they can submit a two-year business plan to take over the service themselves. Agencies must review these employee plans within 60 days, allowing up to 30 days for revisions if rejected. The law directly affects state employees at risk of termination from privatized services and creates a structured process for employee-led operational transitions.