New Jersey § 18a:64-54

§ 18a:64-54.

a. (1) Any purchase, contract or agreement for the performance of any work or the furnishing

or hiring of materials or supplies , through which workers employed in the performance of the contract are paid in accordance

to the “New Jersey Prevailing Wage Act,” P.L.1963, c. 150 ( C.34:11-56.25 et seq. ) , the cost or price of which, together with any sums expended for the performance

of any work or services in connection with the same project or the furnishing of similar

materials or supplies during the same fiscal year, paid with or out of college funds,

does not exceed the total sum of $26,200 or, commencing January 1, 2005, the amount

determined pursuant to subsection b. of this section, in any fiscal year may be made,

negotiated and awarded by a contracting agent, when so authorized by resolution of

the board of trustees of the State college without public advertising for bids and

bidding therefor. (2) Any purchase, contract or agreement for the performance of any work or the furnishing

or hiring of materials or supplies, through which workers employed in the performance

of the contract are not paid in accordance to the “New Jersey Prevailing Wage Act,”

P.L.1963, c. 150 ( C.34:11-56.25 et seq. ), the cost or price of which, together with any sums expended for the performance

of any work or services in connection with the same project or the furnishing of similar

materials or supplies during the same fiscal year, paid with or out of college funds,

does not exceed the total sum of $100,000 or, commencing January 1, 2022, the amount

determined pursuant to subsection b. of this section, in any fiscal year may be made,

negotiated and awarded by a contracting agent, when so authorized by resolution of

the board of trustees of the State college without public advertising for bids and

bidding therefor. b. Commencing January 1, 2005 and every two years thereafter, the Governor, in consultation

with the Department of the Treasury, shall adjust the threshold amounts set forth in subsection a. of this section in direct proportion to the rise or fall

of the Consumer Price Index for all urban consumers in the New York and Northeastern

New Jersey and the Philadelphia areas, as reported by the United States Department

of Labor. The adjustment shall become effective on July 1 of the year in which it is reported. c. Any purchase, contract or agreement made pursuant to this section may be awarded

for a period of 36 consecutive months, notwithstanding that the 36-month period does

not coincide with the fiscal year.