Requires Department of Treasury to update New Jersey Disparity Study every five years.

Summary

The bill orders the Department of the Treasury to prepare and submit updated versions of the 2024 New Jersey Disparity Study to the Governor and Legislature every five years, beginning January 1, 2029. The updates must track changes in the availability and use of small, minority, women‑ and service‑disabled veteran‑owned businesses in state procurement. This keeps state officials informed about supplier‑diversity trends.

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