Contractors, Board for; optional bonding for Class A and B contractors. (SB1113)
Introduced By
Sen. Jeremy McPike (D-Dale City)
Progress
✓ |
Introduced |
✓ |
Passed Committee |
✓ |
Passed House |
✓ |
Passed Senate |
✓ |
Signed by Governor |
☐ |
Became Law |
Description
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. Read the Bill »
Outcome
History
Date | Action |
---|---|
01/09/2017 | Prefiled and ordered printed; offered 01/11/17 17101273D |
01/09/2017 | Referred to Committee on General Laws and Technology |
01/16/2017 | Impact statement from DPB (SB1113) |
01/16/2017 | Reported from General Laws and Technology (14-Y 0-N) (see vote tally) |
01/18/2017 | Constitutional reading dispensed (38-Y 0-N) (see vote tally) |
01/19/2017 | Read second time and engrossed |
01/20/2017 | Read third time and passed Senate (38-Y 0-N) (see vote tally) |
01/30/2017 | Placed on Calendar |
01/30/2017 | Read first time |
01/30/2017 | Referred to Committee on General Laws |
02/06/2017 | Assigned GL sub: Subcommittee #4 |
02/14/2017 | Subcommittee recommends reporting (5-Y 0-N) |
02/16/2017 | Reported from General Laws (22-Y 0-N) (see vote tally) |
02/20/2017 | Read second time |
02/21/2017 | Read third time |
02/21/2017 | Passed House BLOCK VOTE (98-Y 0-N) |
02/21/2017 | VOTE: BLOCK VOTE PASSAGE (98-Y 0-N) (see vote tally) |
02/24/2017 | Enrolled |
02/24/2017 | Bill text as passed Senate and House (SB1113ER) |
02/24/2017 | Signed by President |
02/24/2017 | Signed by Speaker |
02/27/2017 | Impact statement from DPB (SB1113ER) |
02/28/2017 | Enrolled Bill Communicated to Governor on 2/28/17 |
02/28/2017 | G Governor's Action Deadline Midnight, March 27, 2017 |
03/16/2017 | G Approved by Governor-Chapter 572 (effective 7/1/17) |
03/16/2017 | G Acts of Assembly Chapter text (CHAP0572) |