Legislation
- Title
- Business Regulation - Home Improvement Commission - Guaranty Fund and Award Limits
- Sponsored by
- Senator Corderman
- Status
- Approved by the Governor - Chapter 415
- Analysis
- Fiscal and Policy Note (Revised)
Synopsis
Increasing the funding level of the Home Improvement Guaranty Fund that is administered by the Home Improvement Commission from $250,000 to $1,000,000; increasing a certain Fund threshold that determines whether a fee is assessed to each contractor; and increasing the limit, from $100,000 to $250,000, on the amount of money the Commission may award from the Fund to all claimants for the acts or omissions of a single contractor, subject to a certain reimbursement to the Fund.
Committees
Committee Testimony
Details
Bill File Type: Regular
Effective Date(s): July 1, 2023
History
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Last Updated: 6/9/2023 3:05 PM