This bill amends Section 13-4-11 of the New Mexico Statutes to require that all projects undertaken by municipalities or counties through the issuance of industrial revenue bonds must pay the prevailing wage and adhere to the provisions outlined in the section. The bill emphasizes that contracts or projects exceeding $60,000 involving construction, alteration, demolition, or repair of public buildings, works, or roads must include stipulations for minimum wages and fringe benefits based on prevailing rates determined by the director. It also mandates that contractors pay laborers and mechanics weekly without unlawful deductions.

Additionally, the bill outlines the process for determining prevailing wage rates and fringe benefits, including the director's authority to issue subpoenas and withhold payments if violations of the Public Works Minimum Wage Act are suspected. It establishes a framework for filing complaints regarding wage underpayment, requiring the director to investigate and make determinations within specified timeframes. The bill aims to ensure fair compensation for laborers and mechanics on public works projects funded through industrial revenue bonds, thereby enhancing compliance with wage standards in New Mexico.

Statutes affected:
introduced version: 13-4-11
Final Version: 13-4-11