California § 62460 - Commercial-to-residential conversion projects that opt in to receive incremental

§ 62460. Commercial-to-residential conversion projects that opt in to receive incremental

(a) Commercial-to-residential conversion projects that opt in to receive incremental tax revenue pursuant to Section 62459 are public works for which prevailing wages shall be paid for purposes of Chapter 1 (commencing with Section 1720) of Part 7 of Division 2 of the Labor Code. (b) For commercial-to-residential conversion projects that opt in to receive incremental tax revenue pursuant to Section 62459, the following labor standard provisions shall apply: (1) Except as provided in paragraphs (2) and (3), for projects comprising 50 or more housing units, the labor standards of Section 65912.131 shall apply. (2) Notwithstanding paragraph (1) and except as provided in paragraph (3), for projects involving buildings over 85 feet in height above grade, the labor standards of paragraph (8) of subdivision (a) of Section 65913.4 shall apply. (3) (A) Notwithstanding paragraphs (1) and (2), for projects that are streamlined under the Office to Housing Conversion Act (Article 11.5 (commencing with Section 65658) of Chapter 3 of Division 1 of Title 7), the labor standards of that act shall apply. (B) This paragraph shall become operative only if Assembly Bill 507 of the 2025–26 Regular Session is enacted and takes effect.