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State of New Jersey
Executive Order #6

Governor Christine Todd Whitman

WHEREAS, Executive Order No. 79 issued on January 12, 1993 and Executive Order No. 92 issued on May 4, 1993 established the policy of the State with regard to the issuing of bonds, notes and other instruments, and the awarding of underwriting, bond counsel, architectural, engineering and other professional contracts; and

WHEREAS, it was recognized that implementation of Executive Order Nos. 79 and 92 and the procedures set in place as a result thereof would need continuous monitoring in order to ensure the effectiveness and appropriateness of the policies adopted; and

WHEREAS, the policies and procedures established by Executive Orders No. 79 and No. 92 have now been in place for a number of months; and

WHEREAS, it is important that an analysis of the effect of these policies and procedures be conducted by the Executive Branch, which is responsible for administering the procedures and monitoring the results thereof; and

WHEREAS, it is appropriate that the views of the public and of the affected issuers, service providers and professionals be solicited on the existing procedures; and

WHEREAS, it is also important to ensure that the methods used by the State for the issuance of bonds, notes or other instruments and the selection of all underwriters, financial advisors, bond counsel and providers of other professional services provide the highest degree of quality and performance and instill the greatest level of public trust while at the same time yielding the maximum cost savings for the citizens of this State;

NOW, THEREFORE, I, CHRISTINE TODD WHITMAN, Governor of the State of New Jersey, by virtue of the authority vested in me by the Constitution and by the Statutes of this State, do hereby ORDER and DIRECT:

1. There is hereby created an Advisory Panel on Government Contracting Procedures (hereinafter "Advisory Panel") to consist of: a) the Attorney General, b) the State Treasurer and c) the Chief Counsel to the Governor, who shall serve as chair.

2. The Advisory Panel shall make a comprehensive review of the existing procedures for: a) the issuance of bonds, notes or similar instruments; b) the selection of underwriters in connection with the issuance of bonds, notes or other instruments; c) the retention of attorneys or law firms in connection with the issuance of bonds, notes or other instruments; and d) the retention of any engineering, architectural or other professional firms.

3. The Advisory Panel shall report its findings within six months of the effective date of this Order with detailed recommendations as to whether the existing procedures should remain in place or be altered in order to better accomplish the goals of achieving the best economic results with the highest degree of quality from the various providers and integrity in the award of State contracts.

4. All authorities which are required to submit their minutes, resolutions, or actions for gubernatorial approval or veto shall cooperate fully with the Advisory Panel in the implementation of this Order, and shall promptly furnish the members of the panel with any and all information that they may from time to time request.

5. The Advisory Panel is authorized to call upon any department, office, division or agency of this State to supply it with data and other information, personnel or assistance it deems necessary to discharge its duties under this Order. Each department, officer, division or agency of the State is hereby required, to the extent not inconsistent with law, to cooperate with the panel and to furnish it with such information, personnel and assistance as is necessary to accomplish the purpose of this Order.

6. The Advisory Panel shall take care to solicit both written and oral comments from the public and the affected issuers, and service providers and professionals, and to consider the views expressed by those parties in its report.

7. This Order shall take effect immediately.

GIVEN, under my hand and seal,
this 27th day of January in the Year
of Our Lord, one thousand nine
hundred and ninety-four, and of the
Independence of the United States,
the two hundred and eighteenth.

/s/Christine Todd Whitman
Governor

Attest:

/s/Peter Verniero
Chief Counsel to the Governor

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