Section 3-416 - Requirements of contractor on a federally funded project undertaken by an investor-owned electric company or gas and electric company(a) This section applies:(1) to a project undertaken by an investor-owned electric company or gas and electric company that:(i) involves the construction, reconstruction, installation, demolition, restoration, or alteration of any electric infrastructure of the company, and any related traffic control activities; and(ii) is funded by federal funds to meet the State's policy goals for electric system planning under Title 7, Subtitle 8 of the Public Utilities Article, including funds made available under the federal Infrastructure Investment and Jobs Act or the federal Inflation Reduction Act; and(2) only to the portion of the project supported by the federal funds.(b) An investor-owned electric company or gas and electric company shall require a contractor or subcontractor on a project described in subsection (a) of this section to:(1) pay the area prevailing wage for each trade employed, including wages and fringe benefits;(2) offer health care and retirement benefits to the employees working on the project;(3) participate in an apprenticeship program registered with the State for each trade employed on the project;(4) establish and execute a plan for outreach, recruitment, and retention of State residents to perform work on the project, with an aspirational goal of 25% of total work hours performed by Maryland residents, including residents who are: (iii) minority individuals; or(5) have been in compliance with federal and State wage and hour laws for the previous 3 years;(6) be subject to all State reporting and compliance requirements; and(7) maintain all appropriate licenses in good standing.Amended by 2024 Md. Laws, Ch. 540,Sec. 1, eff. 10/1/2024.Added by 2022 Md. Laws, Ch. 38, Sec. 4, eff. 6/1/2022.