Concerns prevailing wage payments in residential construction projects.

This bill requires construction entities working on residential projects (like townhouses, single-family homes, or small apartment buildings) that receive financial assistance from state or local governments to pay workers the federal prevailing wage rate, as set by the Davis-Bacon Act. It applies when the entity would otherwise not be required to pay the state's prevailing wage under existing law. Financial assistance includes tax incentives, grants, loans, or other public funding. The bill ensures these projects follow federal wage standards, aligning with the Davis-Bacon Act, even when using state/local funds. The requirement takes effect immediately upon enactment.