Bill > S06378

This bill modifies New York's prevailing wage requirements for construction projects, lowering the public funding threshold from 30% to 20% of total project costs (over $5 million) and establishing additional criteria for coverage. The legislation defines "public funds" broadly, including direct payments, reduced fees, tax credits, and loan savings, while also specifying certain exemptions like specific tax benefits and small residential projects. The bill requires project owners to certify their compliance with prevailing wage rules, maintain payroll records for six years, and submit documentation to the state department detailing public funds received. Notably, the legislation mandates that public entities provide certification of funds and estimated future value, with the state department authorized to calculate and verify these amounts. The bill also emphasizes diversity and inclusion by requiring reporting on minority and women-owned business enterprises (MWBEs) and service-disabled veteran-owned businesses' participation in covered projects. Additionally, the bill repeals section 224-c of the labor law, which previously established a public subsidy board, effectively streamlining the oversight process for prevailing wage requirements in construction projects receiving public funds.

Labor and Employment

https://www.nysenate.gov/legislation/bills/2025/S6378