Requires Division of Taxation conduct audits of out-of State contractors that have entered into State and private contracts.

This bill requires New Jersey's Division of Taxation to audit out-of-state contractors who have entered into state or private contracts funded by state money. The audits will verify if administrative costs are reasonable and properly allocated, review the contractors' financial controls, and examine their annual financial reports. The Division must share each audit's findings with the state agency that awarded the contract and submit an annual summary to the Governor and Legislature. It also establishes a toll-free hotline for confidential reporting of potential issues related to these contractors.