Permits certain local units to enter into project labor agreements for public works projects below the $5 million threshold.

S 4864 allows municipalities, counties, school districts, and fire districts to use project labor agreements for public works projects costing less than $5 million, which is currently the minimum threshold for such agreements under New Jersey law. This bill removes the $5 million cost barrier specifically for these local units, enabling them to voluntarily negotiate project labor agreements on smaller projects without requiring the project to meet the existing threshold. The change does not affect the $5 million requirement for state-level projects or other public entities. Local governments will now have the option to use project labor agreements on projects under $5 million to promote labor stability, cost efficiency, and project completion goals.