Requires local government units to provide opportunities for military- or veteran- owned businesses to supply materials and services for projects receiving funding from NJ Infrastructure Bank.

This bill (A 2415) requires local governments receiving loans or guarantees from the New Jersey Infrastructure Bank (NJIB) to establish programs ensuring military- or veteran-owned businesses (or their spouses) can compete for contracts supplying materials and services on infrastructure projects. It expands existing NJIB requirements - currently mandating programs for minority hiring and socially/economically disadvantaged contractors - to specifically include military/veteran-owned businesses. The key provision adds this new category to the affirmative action programs local governments must adopt for NJIB-funded projects. It does not set a specific contract percentage for these businesses, unlike the 10% requirement for disadvantaged businesses. The bill directly affects local governments and contractors working on NJIB-funded infrastructure projects.