Under Non-Fair and Open, contracts awarded to businesses that exceed how much in a year require disclosure of contributions to be filed?

In New Jersey, under the Non-Fair and Open contracting process, any business that has contracts exceeding $50,000 in a year is required to disclose contributions made to certain elected officials and political committees. This requirement is part of the legislation aimed at promoting transparency and accountability in government contracting. The threshold is crucial because it ensures that any substantial business relationship with public entities is scrutinized for potential conflicts of interest or undue influence through campaign contributions. This is essential for maintaining fair and ethical practices in public procurement. The other amounts do not meet the established threshold, which reflects the state's specific regulation regarding the necessary disclosures for ensuring integrity in the contracting process.