N.J. Admin. Code § 19:31F-1.7

Current through Register Vol. 56, No. 12, June 17, 2024

Section 19:31F-1.7 - Minority and women business set-aside plans and requirements

(a) Each project approved to receive financial assistance from the Fund shall set a target level of the aggregate project construction costs for the purpose of providing contracting opportunities for minority businesses and women businesses.

(b) The developer and/or general contractor of the project shall identify the minority and/or women businesses that will participate in the project by construction trade, together with the contract sum to be paid to each minority business.

(c) In determining the target level and compliance therewith, a developer and/or general contractor must proceed in accordance with N.J.A.C. 12A:10-2.

N.J. Admin. Code § 19:31F-1.7

Recodified from 19:31-7.7 56 N.J.R. 807(a), effective 5/6/2024