Requires Chief Diversity Officer in Department of Treasury to develop and implement programs to increase utilization of minority-owned and women-owned businesses in State.*

This bill establishes a Division of Minority and Women Business Development within New Jersey's Department of Treasury, led by a State Chief Disparity Officer. The officer will track contract awards to minority- and women-owned businesses, monitor participation rates, and report findings to the Governor and Legislature. All state departments and agencies must appoint a liaison to cooperate with this division. The bill codifies an existing 2006 executive order, requires full implementation of certification rules for these businesses (prohibiting self-certification), and modifies small business set-aside contract procedures. It directly affects state agencies, contractors, and minority/women-owned businesses participating in state procurement.