LD 1386 LR 1897(02)
An Act Regarding the Determination of the Prevailing Wage Rate for Public Works Projects
Fiscal Note for Bill as Amended by Committee Amendment " "
Committee: Labor and Housing
Fiscal Note Required: Yes
Fiscal Note
FY 2019-20 FY 2020-21 Projections  FY 2021-22 Projections  FY 2022-23
Net Cost (Savings)
General Fund $25,132 $40,075 $41,355 $42,680
General Fund $25,132 $40,075 $41,355 $42,680
Other Special Revenue Funds $27,285 $43,242 $44,522 $45,847
Fiscal Detail and Notes
This bill includes General Fund appropriations of $25,132 in fiscal year 2019-20 and $40,075 in fiscal year 2020-21 to the Bureau of Labor Standards within the Department of Labor for one-half of the cost of one Statistician II position and related All Other costs necessary to collect and analyze the required data in order to determine the prevailing hourly wage and benefit rate paid in the construction industry within the State.  This bill also includes Other Special Revenue Funds allocations of $27,285 and $43,242 in fiscal years 2019-20 and 2020-21, respectively for the remaining cost of the position.
This bill also increases the penalties that may be assessed for failing to provide the required wage and benefit information from $250 for all offenses to $250 for the first offense, $500 for the second offense and $1,000 for subsequent offenses.  Any revenue from the increase in penalty amounts will be credited to the General Fund.