Illinois General Assembly - Bill Status for HB5242

Amends the Illinois Finance Authority Act. Provides that all projects undertaken with the participation of the Illinois Finance Authority must have, as a condition of the contract or financing agreement, certain provisions relating to charity care, labor relations, and labor requirements. With respect to labor relations, provides that any contract or financing arrangement entered into with the Authority must include contract terms under which the employer agrees to: (1) enter into a labor peace agreement with a labor organization that requests such an agreement for the conduct of a campaign in which it seeks to represent the employer's employees in an appropriate bargaining unit or (2) if the parties are unable to agree to the terms of a labor peace agreement within 14 days of the commencement of negotiations, enter into final and binding arbitration in which the terms of a labor peace agreement will be imposed by an arbitrator. Sets forth provisions that must be included in a labor peace agreement. Provides that an employer may be exempt from these requirements under certain circumstances. Sets forth certain consequences for violating these required contract terms including termination of the contract under certain circumstances. Sets forth certain labor requirements for projects undertaken with the participation of the Illinois Finance Authority, including: (1) for all new construction, the employers, their contractors, and subcontractors shall pay their workforces fair and decent wages, (2) employers, their contractors, and subcontractors shall comply with all applicable labor laws, and (3) employers, their contractors, and subcontractors shall maintain, at all times, safe and healthful working conditions and abide by all applicable wage and hour regulations and prohibitions against child labor and conform to the standards set by the federal OSHA or a similar State agency. Adds other provisions.

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