Bill > HB6

This bill amends New Mexico state law to require that any projects undertaken by a municipality or county using industrial revenue bonds (IRBs) must pay workers the prevailing wage and comply with existing public works minimum wage regulations. Specifically, the bill extends existing prevailing wage requirements to IRB-funded projects, ensuring that workers on these projects receive wages and benefits comparable to those in similar local collective bargaining agreements. The prevailing wage is determined annually by the state director, who considers local collective bargaining agreements and sets minimum wage rates for different worker classifications. The bill also establishes procedures for workers to file complaints about wage underpayment, requires contractors to post wage rates at work sites, mandates weekly payroll records be available for public inspection, and gives the director authority to investigate potential wage violations. The key change is explicitly including industrial revenue bond projects under the same wage protection standards that already apply to other public works projects, which aims to ensure fair compensation for workers regardless of the funding mechanism.

Budget and Finance, Military Affairs and Security

https://www.nmlegis.gov/Legislation/Legislation?chamber=H&legtype=B&legno=6&year=25