A 699 New Jersey General Assembly · 2024-2025 Regular Session

Removes principal place of business requirement of "Set-Aside Act for Disabled Veterans' Businesses.

This bill removes the requirement that disabled veterans' businesses must have their principal place of business in New Jersey to qualify for state contracts under the Set-Aside Act. It directly affects disabled veterans' businesses seeking to compete for state contracts, as they will no longer need to operate primarily within New Jersey. The key change amends the legal definition in the Set-Aside Act to eliminate the "principal place of business" clause from the eligibility criteria. This adjustment aims to expand the pool of eligible businesses, potentially helping state agencies meet their goal of awarding at least 3% of contracts to disabled veterans' businesses.
Bill status in committee 1 of 4 stages cleared
Introduction
Jan 2024
Committee Review
Floor Vote
Governor
Introduced Jan 9, 2024 Last action Jan 9, 2024
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Jan 9, 2024
Introduced
Introduced in the Assembly, Referred to Assembly Military and Veterans' Affairs Committee
lower
1 primary · 2 co-sponsors

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