HB1126 Summary

• Appropriates funds for fiscal biennium 2019-2021 for the Professional and Vocational Licensing program (CCA105) under the Department of Commerce and Consumer Affairs, totaling $7,483,138 from special funds and $2,659,812 from trust funds with authorized positions of 61.00 permanent and 11.00 temporary full-time equivalents.

• Establishes criteria for calculating Title 25 licensing fees based on the licensing authority's proposed budget, minus existing fund balances and anticipated revenues, with assessments bearing reasonable relationship to regulatory costs.

• Implements automatic fee reduction or cessation mechanisms for the 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) when these funds reach specified funding levels.

• Redirects interest earned from recovery fund investments to the general fund instead of education funds, while maintaining separate accounting records for dual-fund management.

• Takes effect July 1, 2019 for the fiscal biennium period of July 1, 2019 through June 30, 2021.