New Jersey S3041 prohibits cooperatives from receiving public works contracts if a member fails to pay prevailing wages.

New Jersey S3041 amends existing law to prohibit cooperatives from receiving public works contracts if any member fails to pay prevailing wages. The bill defines a cooperative as a collective ownership system where shareholders have long-term control over operations. It also allows for a rebuttable presumption of interest in another firm if they share certain characteristics, such as similar work or premises. The prohibition extends to cooperatives where at least one member is a contractor or subcontractor who has failed to pay prevailing wages.

New Jersey S3041 prohibits cooperatives from receiving public works contracts if a member fails to pay prevailing wages.

New Jersey S3041 amends existing law to prohibit cooperatives from receiving public works contracts if any member fails to pay prevailing wages. The bill defines a cooperative as a collective ownership system where shareholders have long-term control over operations. It also allows for a rebuttable presumption of interest in another firm if they share certain characteristics, such as similar work or premises. The prohibition extends to cooperatives where at least one member is a contractor or subcontractor who has failed to pay prevailing wages.