SENATE, No. 1720

STATE OF NEW JERSEY

INTRODUCED DECEMBER 16, 1996

By Senators McGREEVEY, LYNCH and Sinagra

An Act concerning construction contracts undertaken in connection with financial assistance from the New Jersey Economic Development Authority and amending P.L.1979, c.303.

    Be It Enacted by the Senate and General Assembly of the State of New Jersey:

    1. Section 1 of P.L.1979, c.303 (C.34:1B-5.1) is amended to read as follows:

    1. The New Jersey Economic Development Authority shall adopt rules and regulations requiring that not less than the prevailing wage rate be paid to workers employed in the performance of construction contracts undertaken in connection with Authority financial assistance. The prevailing wage rate shall be the rate determined by the Commissioner of Labor [and Industry] pursuant to the provisions of P.L.1963, c.150 (C.34:11-56.25 et seq.). For the purposes of this section, "Authority financial assistance" means any loans, loan guarantees, grants, incentives, tax exemptions or other financial assistance approved, funded, authorized, administered or provided by the Authority to any entity, including but not limited to, all Authority financial assistance provided pursuant to P.L.1996, c.25 (C.34:1B-112 et seq.) or P.L.1996, c.26 (C.34:1B-124 et seq.).

(cf: P.L.1979, c.303, s.1)

    2. This act shall take effect immediately.

STATEMENT

    This bill requires the payment of prevailing wages in the performance of all construction contracts undertaken in connection with any financial assistance from the New Jersey Economic Development Authority, including any loans, loan guarantees, grants, incentives, tax exemptions or other financial assistance approved, funded, authorized, administered or provided by the authority to any entity.

Requires payment of prevailing wages on all EDA-assisted construction.