SB 418 (Hernandez) Public works: public subsidies.
Would provide that a public subsidy is "de minimis" if it is both less than $275,000, and less than 2% of the total project cost. The bill would specify that those provisions do not apply to a project that was advertised for bid, or a contract that was awarded, before July 1, 2018.
Generally, prevailing wages do not apply when a project receives only a de minimum subsidy.
|More Info:||Legislative Website Info|
|Last Updated:||April 13, 2017|