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MN HF2474

Bill

Status

Introduced

2/23/2012

Primary Sponsor

Rich Murray

Click for details

Origin

House of Representatives

87th Legislature 2011-2012

AI Summary

  • Adds annual adjustment of contractor recovery fund fees according to the Consumer Price Index-All Urban Consumers, with adjustments made by the commissioner.

  • Removes educational and research projects and public information purposes from the contractor recovery fund's stated purpose, limiting fund use to compensating homeowners and reimbursing the department for administrative expenses.

  • Requires claimants to disclose all forms of remuneration or compensation received for losses, with the value deducted from final fund compensation.

  • Allows the commissioner to request advice from a panel of qualified experts when reviewing and deciding contractor recovery fund claims.

  • Repeals subdivision 16 of section 326B.89 and removes references to additional assessments in the license renewal fee provisions.

Legislative Description

Contractor recovery fund changes made.

Last Action

Introduction and first reading, referred to Commerce and Regulatory Reform

2/23/2012

Committee Referrals

Commerce and Regulatory Reform2/23/2012

Full Bill Text

No bill text available