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NV SB226

NV SB226
Revises provisions governing governmental financial administration. (BDR 28-494)


summary

Introduced
03/07/2023
In Committee
06/05/2023
Crossed Over
05/29/2023
Passed
06/08/2023
Dead
Signed/Enacted/Adopted
06/16/2023

Introduced Session

82nd Legislature (2023)

Bill Summary

AN ACT relating to governmental financial administration; providing a declaration of legislative intent regarding the payment of prevailing wages on public works projects; establishing certain requirements relating to certain organizations that partner with certain public bodies for the construction of hospitals, medical education buildings or medical research buildings; requiring the payment of prevailing wages on certain leases and lease-purchase and installment-purchase agreements entered into by local governments; and providing other matters properly relating thereto.

AI Summary

This bill: 1) Declares the legislative intent that the payment of prevailing wages to workers on public works projects funded by public money is essential to the economic well-being, workforce development, and redevelopment opportunities in Nevada, and requires the Labor Commissioner's regulations to be consistent with this intent. 2) Allows certain tax-exempt, supporting organizations to partner with state agencies or local governments to privately finance the construction of hospitals, medical education buildings, or medical research buildings in Nevada, while exempting these projects from certain public works contracting requirements, but still requiring payment of prevailing wages, competitive bidding of subcontracts, and the use of local small businesses and apprentices. 3) Requires local governments to include prevailing wage requirements in any lease, lease-purchase, or installment-purchase agreements involving the construction, alteration, repair, or remodeling of an improvement, and for the local government, contractor, and subcontractors to comply with prevailing wage laws for such projects.

Committee Categories

Budget and Finance, Government Affairs

Sponsors (2)

Last Action

Chapter 520. (Effective June 15, 2023) (on 06/16/2023)

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