New York State has expanded it prevailing wage law to include private projects worth $5 million or more and that have received public subsidies of at least 30% of total construction costs.
Gov. Andrew Cuomo signed the provision as part of the fiscal year 2021 budget on April 3. The definition of public subsidy includes:
· Direct or indirect payments by a public entity to contractors, subcontractors, developers, or owners that do not have to be repaid
· Savings from fees, rents, interest rates, other loan costs or insurance costs that are below market rate
· Savings from tax credits, tax abatements, tax exemptions, tax increment financing and payments in lieu of taxes
· Any other cost savings due to the involvement of a public entity
· Loans that are to be repaid on a contingent basis, and credits against loan repayments or other obligations.
There are exemptions such as tax credits for brownfield remediation and redevelopment. Projects not covered under the new law include owner-occupied single- or two-family dwellings, properties of four dwellings or less, certain not-for-profit projects, construction work performed under select pre-hire collective-bargaining agreements, projects funded by the state’s Urban Development Corporation Act or Downtown Revitalization Initiative, and certain school, historic, and renewable energy projects.
Related Stories
| Sep 18, 2014
Master Painter Institute approves 55 new paint products
The Master Painter Institute has issued approvals for 55 new paint products.
| Sep 18, 2014
OSHA announces new requirements for reporting deaths and severe injuries
The U.S. Department of Labor's Occupational Safety and Health Administration announced a final rule requiring employers to notify OSHA when an employee is killed on the job or suffers a work-related hospitalization, amputation, or loss of an eye.
| Sep 18, 2014
Eugene, Ore., passes ordinance to achieve steep energy consumption reductions
The Eugene, Ore., City Council recently passed an ordinance aimed at steeply reducing energy consumption and greenhouse gas emissions.
| Sep 10, 2014
Nine out of 10 New York City building plans fail energy code test
Earlier this year, New York City's Department of Buildings began auditing thousands of architectural plans for new and renovated office and residential buildings.
| Sep 10, 2014
AIA, CSI, and NIBS publish updated national CAD standard, includes new BIM module
The NCS helps architects, constructors and operators coordinate efforts by classifying electronic design data consistently and making information retrieval easier, the industry groups say.
| Sep 10, 2014
Perry named new director of OSHA’s Standards and Guidance Directorate
Bill Perry has been named new director of the OSHA’s Directorate of Standards and Guidance, effective Aug. 24, 2014.
| Sep 10, 2014
ASHRAE proposes verification for energy standard
The ASHRAE/IES energy standard would have multiple compliance options to ensure verification of delivered building envelope performance under a new proposal.
| Sep 2, 2014
Micro-apartment concept can’t get traction in Boston suburb
Micro-apartments are gaining acceptance in nearby Boston and in places such as San Francisco and New York, but Weymouth, Mass., officials and neighbors were not receptive to a proposal for tiny dwellings this summer.
| Sep 2, 2014
Montreal borough leader urges city to issue green roof guidelines
The mayor of Montreal's Saint-Laurent borough wants Quebec's housing authority to speed up its plan to publish construction guidelines for green roofs.
| Sep 2, 2014
Proposed federal rules would create more stringent healthcare facility safety rules
A key change is a requirement that buildings over 75 feet tall have sprinkler systems throughout the structure. Existing buildings would have 12 years to install them.