00 SPONSOR SUBSTITUTE FOR HOUSE BILL NO. 126                                                                               
01 "An Act establishing the current prevailing rate of wages issued at least 10 days                                       
02 before the final submission of bids as the prevailing wage rate for public                                              
03 construction projects and requiring periodic adjustment of the wage rate."                                              
04 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF ALASKA:                                                                
05    * Section 1.  AS 36.05.010 is amended to read:                                                                       
06  Sec. 36.05.010.  WAGE RATES ON PUBLIC CONSTRUCTION.  A                                                                
07 contractor or subcontractor who performs work on public construction in the state, as                                   
08 defined by AS 36.95.010, shall pay not less than the current prevailing rate of wages                                   
09 for work of a similar nature in the region in which the work is done.  The current                                      
10 prevailing rate of wages [FOR EACH PAY PERIOD] is that contained in the latest                                          
11 determination of prevailing rate of wages issued by the Department of Labor at least                                   
12 10 days before the final date for submission of bids for the contract.  The rate                                      
13 shall remain in effect for the life of the contract or for 24 calendar months,                                          
14 whichever is shorter.  At the end of the initial 24-month period, if new wage                                           
01 determinations have been issued by the department, the latest wage determination                                        
02 shall become effective for the next 24-month period or until the contract is                                            
03 completed, whichever occurs first.  This process shall be repeated until the                                            
04 contract is completed [END OF THE PAY PERIOD].                                                                         
05    * Sec. 2.  AS 36.05.070(a) is amended to read:                                                                       
06  (a)  The advertised specifications for a public construction contract exceeding                                       
07 $2,000 to which the state or a political subdivision of the state is a party that                                     
08 [WHICH] requires or involves the employment of mechanics, laborers, or field                                            
09 surveyors shall contain a provision stating the minimum wages to be paid various                                        
10 classes of laborers, mechanics, or field surveyors and that the rate of wages shall be                                  
11 adjusted to the wage rate [FOR EACH PAY PERIOD APPLICABLE] under                                                        
12 AS 36.05.010.