Concerns private entities that own, operate or manage correctional facilities or jails.

This bill prohibits private companies from owning, operating, or managing New Jersey correctional facilities or jails after its effective date, unless they already had a valid contract with a government agency before the law passed. It specifically bans public agencies (like counties or the state) from entering new contracts with private entities for jail operations, renewing existing contracts, or extending their terms after the law takes effect. The law applies to all secure facilities used for housing people in custody, including prisons, jails, and similar facilities. It takes effect immediately upon enactment. The bill directly affects private correctional companies and public agencies responsible for jail operations.