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AZ HB2006

Bill

Status

Introduced

1/9/2017

Primary Sponsor

Mark Cardenas

Click for details

Origin

House of Representatives

Fifty-third Legislature - First Regular Session (2017)

AI Summary

  • Amends Arizona's definition of "person injured" under residential contractor recovery fund law to include owners of class six property, expanding eligibility for recovery fund claims beyond class three property.

  • Adds new paragraph 9 to class six property classification allowing real property used as an owner's primary residence to qualify if the owner meets property valuation protection requirements under Arizona Constitution Article IX, Section 18(7).

  • Restricts class six paragraph 9 eligibility to individuals who own no other real property interests, with limited exception for indirect ownership through investment securities like mutual funds.

  • Excludes properties valued at $600,000 or more from class six paragraph 9 classification unless they already qualified for valuation protection as of December 31, 2017.

Legislative Description

Elderly homeowners; class six property

Professions And Occupations

Last Action

House read second time

1/10/2017

Full Bill Text

No bill text available