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NJ A3994
Bill
Status
3/7/2024
Primary Sponsor
Michael Venezia
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AI Summary
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Expands the definition of "public work" subject to prevailing wage requirements to include construction projects by for-profit or not-for-profit entities associated with public bodies, such as university foundations, when the work benefits the public body
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Requires prevailing wage payments for projects receiving any government financial assistance including grants, loans, loan guarantees, tax abatements, exemptions, incentives, or rebates from public bodies or their agencies
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Mandates that all construction at public institutions of higher education, including State and county colleges, pay workers the prevailing wage rate determined by the Commissioner of Labor and Workforce Development
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Establishes a reduced prevailing wage rate for residential building projects (structures under five stories) at 65% of the standard prevailing wage or the federal Davis-Bacon Act rate, whichever is lower
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Allows workers to recover unpaid prevailing wages through civil action when a public body fails to award a compliant contract, and clarifies that "public work" includes projects on property under agreement to be purchased by a public body or financed through "take-out financing"
Legislative Description
Expands scope of public works subject to prevailing wage requirements; concerns prevailing wage law requirements for public institutions of higher education.
Higher Education
Last Action
Reported out of Asm. Comm. with Amendments, and Referred to Assembly Higher Education Committee
10/24/2024