L.R. NO. 2735-01
BILL NO. SB 589
SUBJECT: Political subdivisions; Prevailing wage.
TYPE: Original
DATE: December 14, 1999
Net Effect on All State Funds
FUND AFFECTED
FY 2001
FY 2002
FY 2003 None
Total Estimated
$0
$0
$0
| FUND AFFECTED | FY 2001 | FY 2002 | FY 2003 |
| None | |||
| Total Estimated
Net Effect on All Federal Funds |
$0 | $0 | $0 |
| FUND AFFECTED | FY 2001 | FY 2002 | FY 2003 |
| Local Government | Unknown | Unknown | Unknown |
Numbers within parentheses: ( ) indicate costs or losses
This fiscal note contains 2 pages.
ASSUMPTION
The Department of Labor and Industrial Relations assumes the proposed legislation would have no fiscal impact on their agency.
Oversight assumes the proposed legislation could allow local governments to reduce labor costs for capital projects.
FISCAL IMPACT - State Government FY 2001 FY 2002 FY 2003
0 0 0
FISCAL IMPACT - Local Government FY 2001 FY 2002 FY 2003
Unknown Unknown Unknown
FISCAL IMPACT - Small Business
The proposed legislation could affect small businesses in the construction business.
DESCRIPTION
The proposed legislation would allow any political subdivision located in or comprising any county with an assessed valuation of less than three hundred million dollars to become exempt from the state prevailing wage, upon approval by the voters of such political subdivision.
This legislation is not federally mandated, would not duplicate any other program, and would not require additional capital improvements or rental space.
SOURCES OF INFORMATION
Department of Labor and Industrial Relations
Jeanne Jarrett, CPA
Director
December 14, 1999