Relating to an increase in the contract price at which the prevailing rate of wage applies to a contract for public works; prescribing an effective date.

Changes minimum contract price at which prevailing rate of wage applies to public works projects from $50,000 to amount that Oregon Department of Administrative Services determines by rule. Specifies that department must set contract price at $64,000 for year ending on December 31, 2024, and each year by March 31 must specify new contract price that reflects percentage change in U.S. City Average Consumer Price Index for previous calendar year. Becomes operative January 1, 2024. Takes effect on 91st day following adjournment sine die.