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2004 SESSION

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HB 390 Health Spa Act; requirement for bond or letter of credit.

Introduced by: Kristen J. Amundson | all patrons    ...    notes | add to my profiles

SUMMARY AS PASSED: (all summaries)

Virginia Health Spa Act; requirement for bond or letter of credit. Provides that a health spa contract with a term that exceeds one year is to be counted as multiple contracts for purposes of determining the required amount of bond or letter of credit, with each full and any partial year of the term of a contract being counted as a separate contract. This measure applies only to health spa contracts entered into on or after January 1, 2005. This provision does not apply if the number of multi-year contracts that a health spa has in effect is fewer than 10 percent of all of its contracts.


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