Amends the Workers' Benefit Fund assessment statute to direct the Department of Consumer and Business Services to set an additional assessment rate in order to deposit in a new BOLI Expenses Fund at least the greater of a minimum dollar amount or 12 months of projected expenses to fund the duties of the Commissioner of the Bureau of Labor and Industries, subject to a cap on the costs of new positions, to reimburse certain related expenses of the Director of the Department of Consumer and Business Services and to create and maintain a 12-month reserve in the new fund.

What it does: <b>Digest: The Act would have DCBS set a rate to put at least a minimum amount in a new fund to pay for the duties of the head of BOLI and the related costs of the head of DCBS. The Act would also have the rate be set to create and maintain a 12-month reserve in the new fund. The Act would bar moneys from the Workers Benefit Fund being used to make up the new assessment amounts in the new fund. The Act would raise the cap on the fee paid by public agencies for contracts subject to the prevailing wage rate. (official summary)

Question before the chamber: Third reading. Carried by Taylor. Passed.

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