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2017 SESSION
SB 1113 Contractors, Board for; optional bonding for Class A and B contractors.
Introduced by: Jeremy S. McPike | all patrons ... notes | add to my profiles
SUMMARY AS PASSED SENATE: (all summaries)
Board for Contractors; optional bonding for Class A and B contractors. Allows applicants for Class A and Class B contractor licenses to demonstrate financial responsibility by posting a surety bond for both initial application for licensure and subsequent renewals in lieu of providing a financial statement. The bill provides a process for recovery on a surety bond of a contractor who has elected to post such a bond. The bill also amends the Virginia Contractor Transaction Recovery Act (the Act) by providing that an informal fact-finding conference or formal hearing under the Administrative Process Act is not required as a part of the consideration of the claim against the Act unless requested by the claimant. Under current law, an informal fact-finding conference may be held at the discretion of the Department of Professional and Occupational Regulation.
FULL TEXT
- 01/09/17 Senate: Prefiled and ordered printed; offered 01/11/17 17101273D pdf | impact statement
- 02/24/17 Senate: Bill text as passed Senate and House (SB1113ER) pdf | impact statement
- 03/16/17 Governor: Acts of Assembly Chapter text (CHAP0572) pdf
HISTORY
- 01/09/17 Senate: Prefiled and ordered printed; offered 01/11/17 17101273D
- 01/09/17 Senate: Referred to Committee on General Laws and Technology
- 01/16/17 Senate: Reported from General Laws and Technology (14-Y 0-N)
- 01/18/17 Senate: Constitutional reading dispensed (38-Y 0-N)
- 01/19/17 Senate: Read second time and engrossed
- 01/20/17 Senate: Read third time and passed Senate (38-Y 0-N)
- 01/30/17 House: Placed on Calendar
- 01/30/17 House: Read first time
- 01/30/17 House: Referred to Committee on General Laws
- 02/06/17 House: Assigned GL sub: Subcommittee #4
- 02/14/17 House: Subcommittee recommends reporting (5-Y 0-N)
- 02/16/17 House: Reported from General Laws (22-Y 0-N)
- 02/20/17 House: Read second time
- 02/21/17 House: Read third time
- 02/21/17 House: Passed House BLOCK VOTE (98-Y 0-N)
- 02/21/17 House: VOTE: BLOCK VOTE PASSAGE (98-Y 0-N)
- 02/24/17 Senate: Enrolled
- 02/24/17 Senate: Bill text as passed Senate and House (SB1113ER)
- 02/24/17 Senate: Signed by President
- 02/24/17 House: Signed by Speaker
- 02/28/17 Senate: Enrolled Bill Communicated to Governor on 2/28/17
- 02/28/17 Governor: Governor's Action Deadline Midnight, March 27, 2017
- 03/16/17 Governor: Approved by Governor-Chapter 572 (effective 7/1/17)
- 03/16/17 Governor: Acts of Assembly Chapter text (CHAP0572)