This bill amends existing legislation to lower the threshold cost for public works projects that may include project labor agreements from $5 million to $3 million. This change is intended to expand the applicability of project labor agreements to a broader range of public works projects, thereby potentially increasing the use of such agreements in the state.

The bill specifically modifies Section 2 of P.L.2002, c.44, by deleting the previous threshold of $5 million and inserting the new threshold of $3 million. This adjustment aims to facilitate the inclusion of project labor agreements in smaller public works projects, which may enhance labor organization involvement and ensure prevailing wage standards are met for a greater number of projects across New Jersey. The act is set to take effect immediately upon passage.

Statutes affected:
Introduced: 52:38-2