covered contracts; governmental unit; payroll

HB 2462 requires Arizona state governmental units to mandate that contractors and subcontractors on specific "covered contracts" submit certified payroll records. These records must accurately show hours worked, job classifications, wages paid, and include a signed compliance statement. The bill also ensures worker retention during contract transitions by requiring successor contractors to offer jobs to qualified previous employees and prohibiting unjustified terminations or hour cuts during the transition period. It explicitly states the bill does not create new wage requirements beyond existing law and excludes commodity contracts, fixed-delivery contracts, and contracts below a dollar threshold.