Requires State agencies to submit notice of request for proposals or other documents pertinent to privatization contracts to certain State employees.

This bill requires New Jersey state agencies to notify employees who are likely to lose their jobs due to privatization at least 180 days before releasing requests for proposals (RFPs) or related documents for contracts involving services or assets valued at $100,000 or more. The notice must detail the specific service or asset at risk and inform employees they can submit a two-year business plan to take over the work, with support available from the New Jersey Economic Development Authority for financing. Agencies must review any submitted business plan within 60 days, either approving it (allowing one year to implement) or requiring revisions, and employees have 30 days to revise and resubmit if rejected. This directly affects state agency workers facing potential layoffs and the agencies managing privatization processes.