Requires State agencies to make good faith effort to increase awarding of contracts procured without advertisement to minority- and women-owned businesses.

This bill requires New Jersey state agencies to make a good faith effort to increase contracts awarded to minority- and women-owned businesses for small purchases that don't require public advertising (typically under $150,000-$250,000). It sets a specific goal of achieving a 30% aggregate increase in such contracts within five years of the bill's effective date. Agencies must submit monthly reports to the State Treasurer detailing progress, while the Treasurer will develop guidelines and provide biannual reports to the Governor and Legislature on implementation. The bill directly affects all state agencies managing these small, non-advertised contracts and aims to expand opportunities for certified minority- and women-owned businesses.