HB1126 Summary

• Appropriates funds for the Department of Commerce and Consumer Affairs (DCCA) Professional and Vocational Licensing program (CCA105) for fiscal biennium July 1, 2019 to June 30, 2021, totaling $7,483,138 in special funds and $2,659,812 in trust funds with authorized positions of 61 permanent and 11 temporary full-time equivalents.

• Establishes criteria for assessing fees on licensees regulated under Title 25 based on the licensing authority's proposed budget minus available fund balances and anticipated revenues, with total assessments not to exceed legislative-established ceilings.

• Implements automatic fee reduction or cessation mechanisms when specific recovery and education funds reach designated funding levels: contractors recovery fund ($170,893), contractors education fund ($5,105), real estate recovery fund ($131,799), real estate education fund ($602,099), and condominium education fund ($607,819).

• Redirects interest from contractors recovery fund and real estate recovery fund investments to the general fund rather than education funds.

• Takes effect July 1, 2030.