1182.14.
(a) For purposes of this section:(1)“Area median income” means an income that is equal to the income limit for median income for a single-person household for that geographic area published by the Department of Housing and Community Development, pursuant to Section 50093 of the Health and Safety Code.
(2)
(1) “Department” means the Department of Industrial Relations.
(3)
(2) “Eligible employer” means a publicly held company with a market capitalization of at least one billion dollars ($1,000,000,000) according to the company’s most recent annual report that the company filed using form 10-K, or other applicable substitute form, with the Securities and Exchange Commission.
(4)
(3) “Market capitalization” means the value of a corporation determined by multiplying the market price of one share of the corporation by the total number of outstanding shares.
(5)
(4) “Personal service contract” means a contract to provide janitorial and housekeeping services, custodial services, food service workers, laundry services, window cleaning services, bus driving services, or security guard services to an eligible employer. The department may, by regulation, designate additional types of services that qualify as personal services within the meaning of this section if the
department determines that the services are similar to the services described in the previous sentence.
(6)“Wage equal to 85 percent of the area median income” means a wage that if paid for an 8-hour workday over a 40-hour workweek would be sufficient to equal an annual wage that is equal to 85 percent of the area median income.
(7)“Workday” has the same meaning as defined in subdivision (a) of Section 500.
(8)“Workweek” has the same meaning as defined in subdivision (b) of Section 500.
(b) The department shall, by January 1, 2021, and annually thereafter, identify employers with a market capitalization of at least one billion dollars ($1,000,000,000). The department shall
determine whether an employer is eligible under this subdivision, subject to the following requirements:
(1) The employer is located in California. An employer shall be deemed to be located in California if it owns, operates, maintains, or rents any building in California.
(2) The publicly held company is registered with the Securities and Exchange Commission.
(c) An eligible employer that enters into a personal services contract on or after January 1, 2021, shall include a provision in that contract that requires the employees that will perform the services in that contract to be paid a wage that is equal to 85 percent of the area median income.
provide the employees who will perform the services in that contract a notice that they have a right “to form, join, or assist labor organizations” as stipulated in Section 7 of the National Labor Relations Act (NLRA) if that employer is subject to the NLRA. This notice shall be provided annually in writing.
(d) The department shall adopt regulations, pursuant to the Administrative Procedure Act (Chapter 3.5 (commencing with Section 11340) of Part 1 of Division 3 of Title 2 of the Government Code), in order to implement this section.