Revises registered apprenticeship requisites of public works contractors and creates opt-out from participation in registered apprenticeship program for public works projects.

This bill allows public works contractors in New Jersey to opt out of participating in registered apprenticeship programs by paying an annual $1,000 fee per craft classification. Contractors choosing this option must still pay all craftworkers at least the prevailing journeyman wage rate. The opt-out fees are split equally: 50% funds workforce development programs for underserved communities, and 50% provides micro-grants to female, minority, and veteran-owned construction firms. Contractors not opting out must register with the state, verify their apprenticeship program meets federal standards (29 C.F.R. sections), and provide documentation of compliance.