Relating to the application of prevailing rates of wage; declaring an emergency.
Catchline/Summary:
Modifies definition of "public works." Classifies exemption from ad valorem property taxation as funds of public agency for purpose of requiring payment of prevailing wage. Modifies definition of "public works." Classifies exemption from ad valorem property taxation as funds of public agency for purpose of requiring payment of prevailing wage.
Requires public agency that procured contract for public works or sponsor of enterprise zone in which public works is located, as appropriate, to receive certified statements.
Specifies, for enterprise zone in which public works project is or will be located, fee to be paid by sponsor or sponsors of enterprise zone and notification procedures for sponsor that approves application to have qualified property exempted from ad valorem property taxation.
Specifies, for such enterprise zones, payment procedure for fees where more than one public agency or sponsor is involved in awarding contract or designating enterprise zone.
Declares emergency, effective on passage.
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HB 2624 House Committee On Revenue
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