Adjusts bid threshold amounts for certain public research universities; permits certain contracts for school districts, municipalities, and counties to be awarded by qualified purchasing agent.

This bill adjusts the dollar amount requiring competitive bidding for contracts involving New Jersey's public research universities, specifically Rowan University. It also allows school districts, municipalities, and counties to award certain contracts through qualified purchasing agents instead of full competitive bidding processes. These changes aim to streamline procurement for eligible entities by increasing the threshold for mandatory competitive bids and expanding contracting flexibility.