New Jersey A3541 mandates prevailing wage payments for workers in residential construction projects receiving state or local financial assistance.

New Jersey A3541 requires entities undertaking residential construction projects that receive financial assistance from a state or local public body to pay workers the prevailing wage determined by the U.S. Department of Labor, in accordance with the Davis-Bacon Act. This applies even if the entity is not required by state statute to pay the prevailing wage rate determined by the New Jersey Commissioner of Labor and Workforce Development. The act defines "financial assistance" broadly to include tax exemptions, rebates, credits, loans, and grants.

New Jersey A3541 mandates prevailing wage payments for workers in residential construction projects receiving state or local financial assistance.

New Jersey A3541 requires entities undertaking residential construction projects that receive financial assistance from a state or local public body to pay workers the prevailing wage determined by the U.S. Department of Labor, in accordance with the Davis-Bacon Act. This applies even if the entity is not required by state statute to pay the prevailing wage rate determined by the New Jersey Commissioner of Labor and Workforce Development. The act defines "financial assistance" broadly to include tax exemptions, rebates, credits, loans, and grants.