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.
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