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 any contract or project 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 for investigations into compliance with the Public Works Minimum Wage Act. It establishes a framework for filing complaints regarding wage violations, the investigation process, and the potential withholding of payments if underpayment is found. The new language specifically inserts the requirement for compliance with prevailing wage laws for projects funded through industrial revenue bonds, ensuring that laborers are compensated fairly in these municipal and county projects.

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