Removes certain property rights of State agencies in certain instances.

This bill (S 2167) amends New Jersey's conflict-of-interest law to remove a requirement that state agencies must hold property rights in scientific or technological innovations before state employees can contract with them for development. It revises Section 1 of P.L.1991, c.254, eliminating the condition that previously restricted such contracts to cases where the agency had a property interest. The change directly affects state employees and agencies when entering agreements for developing new scientific or tech projects. The amendment maintains existing ethics procedures but broadens eligibility for these contracts.