2025 Proposed Legislation:
Passed by the Assembly
- Public Posting of Certain Contracts - A.6707 (Solages) – Requires a public listing of certain emergency and exempted contracts, which are otherwise subject to the approval of the State Comptroller.
Passed by the Senate
- Prohibits Campaign Contributions by Certain Vendors – S.8246 (Myrie) – Prohibits vendors from directly or indirectly contributing to a statewide elected official, a candidate for a statewide elected office, or their authorized political committee, during an active government procurement.
- Makes Unclaimed Child and Spousal Support Payments Interest Eligible – S.8253 (Brisport) - Allows for the payment of interest on unclaimed spousal and child support.
- Deposit Placement Program for the Banking Development District Program – S.8357 (Sanders) - Allows a bank, in the discretion of the comptroller and the commissioner of taxation and finance, to arrange for the redeposit of moneys, in whole or in part, through a deposit placement program.
- Community Bank Deposit Program – S.8406 (Sanders) - Increases the maximum amount of funds on deposit at a community banking institution to thirty million dollars.
- Protest Procedures – S.8385 (Comrie) - Requires all state agencies and public authorities to provide bidders and interested parties with the opportunity to protest a contract award.
Signed by the Governor
- Refunding of State Bonds - A.5833 /S.5442 (Pretlow/Krueger) - Signed as Chapter 102 of the Laws of 2025 - Removes the three percent limit on the call premium that may be reserved to the state for the purposes of redeeming or refunding state bonds.