Summary:

 House Bill 6 (HB 6) requires that projects undertaken by a municipality or county through the issuance of industrial revenue bonds pay the prevailing wage and comply with the provisions of Section 13-4-11 NMSA 1978.  

Legislation Overview:

 House Bill 6 (HB 6) amends Section 13-4-11 NMSA 1978 to include industrial revenue bond projects in the list of those projects/programs which must comply with minimum wage and benefit standards of the Minimum Wage Act.

Specifically, it is required that “for projects undertaken under the auspices of a municipality or county through the issuance of an industrial revenue bond, the contractor, subcontractor, employer or person acting as a contractor shall pay the prevailing wage and comply with the provisions of this section."
 

Current Law:

 The minimum wage and benefit standard requirements are currently only specified for public works projects; projects funded through industrial revenue bonds are not included.