New Jersey S2708 regulates privatization contracts for State services.

New Jersey S2708 establishes stringent conditions for privatization contracts between State agencies and private entities. It mandates that any privatization contract with a total value exceeding $250,000 must result in substantial cost savings that outweigh the public's interest in State-provided services. The bill requires displaced State workers to be offered a right of first refusal for jobs under the contract or provided with training and assistance if they decline.

New Jersey S2708 regulates privatization contracts for State services.

New Jersey S2708 establishes stringent conditions for privatization contracts between State agencies and private entities. It mandates that any privatization contract with a total value exceeding $250,000 must result in substantial cost savings that outweigh the public's interest in State-provided services. The bill requires displaced State workers to be offered a right of first refusal for jobs under the contract or provided with training and assistance if they decline.