27:1B-24. Expenditures with firms owned and controlled by socially and economically disadvantaged individuals and by women
Subject to those definitions and procedures as the commissioner may prescribe by regulation, with respect to moneys appropriated or authorized pursuant to this act and expended with private firms for construction and professional services, not less than 10% of the moneys shall be expended, either directly or through subcontracting requirements, with business concerns owned and controlled by socially and economically disadvantaged individuals and, in addition to and exclusive of this requirement, not less than 4% of the moneys shall be expended, either directly or through subcontracting requirements, with business concerns owned and controlled by women.
L.1984, c. 73, s. 24, eff. July 10, 1984.
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Last modified: October 11, 2016