House Bill 724 - Summary

• Reduces application termination period from one year to six months of inactivity, allowing the division administrator to close inactive occupational license applications faster.

• Requires quarterly financial reports from the division to the legislative budget office detailing revenues and expenditures for each board and commission.

• Establishes year-end cash balance reporting requirement; if any board or commission fund exceeds 150% of the five-year rolling average of expenditures, the division must present a plan to the legislature for reducing balances through fee reductions or holidays.

• Creates universal occupational and professional licensing practice authority allowing licensed professionals to perform acts consistent with their education, training, and experience and within accepted standard of care, with licensing boards authorized to take disciplinary action for failure to meet professional standards.

• Requires all licensing authorities to report by January 1, 2025 on actions taken to comply with new universal licensing provisions and identify profession-specific statutes that must be modified or eliminated.

• Effective July 1, 2024 as an emergency measure.