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FL H1217
Bill
Status
Failed
3/8/2024
Primary Sponsor
Kimberly Daniels
Click for details
AI Summary
- Increases the maximum per-claim payment from the Florida Homeowners' Construction Recovery Fund for Division I contractors from $50,000 to $75,000 in FY 2024-2025, rising incrementally to $250,000 by FY 2027-2028
- Increases the maximum per-claim payment for Division II contractors from $15,000 to $25,000 in FY 2024-2025, rising incrementally to $65,000 by FY 2027-2028
- Raises the total aggregate cap per Division I licensee from $500,000 to $700,000 in FY 2024-2025, increasing annually to $1 million by FY 2027-2028
- Raises the total aggregate cap per Division II licensee from $150,000 to $250,000 in FY 2024-2025, increasing annually to $550,000 by FY 2027-2028
- Effective date is July 1, 2024
Legislative Description
Florida Homeowners' Construction Recovery Fund
Last Action
Died in Commerce Committee
3/8/2024
Committee Referrals
Commerce Committee2/13/2024
State Administration & Technology Appropriations Subcommittee2/6/2024
Regulatory Reform & Economic Development Subcommittee1/13/2024
Full Bill Text
No bill text available