ASSEMBLY EDUCATION COMMITTEE

STATEMENT TO

ASSEMBLY, No. 902

STATE OF NEW JERSEY

DATED: FEBRUARY 15, 1996

      The Assembly Education Committee favorably reports Assembly Bill No. 902.

      This bill raises the statutory amount of the State college bidding threshold from $7,500 to $25,000. The threshold is the amount beyond which public bidding is required. Currently, the threshold is $11,100, which represents the statutory amount of $7,500 plus the biennial adjustments which have been made since 1985. Under the bill, the next biennial adjustment would be made on January 1, 1997.

      This bill was pre-filed for introduction in the 1996 session pending technical review. As reported, the bill includes the changes required by technical review, which has been performed.