New Jersey S2726 mandates State agencies to notify certain employees about privatization plans for assets or services valued at $100,000 or more.

New Jersey S2726 requires State agencies to notify employees who may be affected by privatization plans for State assets or services valued at $100,000 or more. The notice must be sent at least 180 days before releasing a request for proposal or other document. It must identify the asset or service and include a copy of the relevant document. The notice also informs employees of their right to submit a two-year business plan to take over management of the asset or service. The agency has 60 days to approve, disapprove, or require modifications to the business plan.

New Jersey S2726 mandates State agencies to notify certain employees about privatization plans for assets or services valued at $100,000 or more.

New Jersey S2726 requires State agencies to notify employees who may be affected by privatization plans for State assets or services valued at $100,000 or more. The notice must be sent at least 180 days before releasing a request for proposal or other document. It must identify the asset or service and include a copy of the relevant document. The notice also informs employees of their right to submit a two-year business plan to take over management of the asset or service. The agency has 60 days to approve, disapprove, or require modifications to the business plan.