Relates to prevailing wage requirements applicable to construction projects performed under private contract; repealer

This bill amends New York's labor law to clarify which private construction projects must follow prevailing wage rules when using public funds. It defines "covered projects" as those where public funds make up at least 20% of total costs (over $5 million) or $3 million+ in public funds. The law excludes single-family homes, small nonprofits, and certain affordable housing projects (like those with 25%+ affordable units under 15-year agreements) from these requirements. It also specifies that tax benefits, loan savings, and some public subsidies do not count as "public funds" for this purpose.