SSHB 126: "An Act establishing the current prevailing rate of wages issued at least 10 days before the final submission of bids as the prevailing wage rate for public construction projects and requiring periodic adjustment of the wage rate."
00SPONSOR 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.