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Is work performed for IDAs considered “Public Work”?

April 26, 2017idas Performed public work

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Is work performed for IDAs considered “Public Work”?

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IDAs or Industrial Development Authorities are public authorities. Construction performed for the IDA itself is public work and requires the payment of prevailing wage rates. Prevailing wage requirements do not apply to private construction projects which are financed by IDAs through the issuance of tax-exempt industrial revenue bonds.