LABORERS BUILDING INDUSTRY STABILIZATION

THE LABORERS BUILDING INDUSTRY STABILIZATION TRUST FUND IS SET UP AS AN AREA AND INDUSTRY WIDE LABOR MANAGEMENT CO-OPERATION COMMITTEE AS PROVIDED FOR BY SECTIONS 302 (C) (9) OF THE TAFT HARTLEY ACT 29 U.S.C. SECTION 106 (C) (9) IT'S EXEMPT PURPOSE IS LABOR RELATIONS, AND THE IMPLEMENTATION OF THE PROVISIONS OF SECTION 9B OF THE LABORERS MASTER AGREEMENT OF NORTHERN CALIFORNIA.SINCE AUGUST 2006 THIS HAS BEEN MODIFIED TO INCLUDE FUNDS COLLECTED FOR THE LABORERS WORK PRESERVATION COMMITTEE TO PROVIDE THAT SUCH FUNDS COLLECTED SHALL BE USED TO ENHANCE BUILDER COMPETITIVENESS AND PRESERVE WORK OPPORTUNITIES FOR EMPLOYEES AND INDIVIDUAL EMPLOYERS COVERED BY THE AGREEMENT.