Contractors, Board for; optional bonding for Class A and B contractors. (SB1113)

Introduced By

Sen. Jeremy McPike (D-Dale City)


Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law


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 »


Bill Has Passed


01/09/2017Prefiled and ordered printed; offered 01/11/17 17101273D
01/09/2017Referred to Committee on General Laws and Technology
01/16/2017Impact statement from DPB (SB1113)
01/16/2017Reported from General Laws and Technology (14-Y 0-N) (see vote tally)
01/18/2017Constitutional reading dispensed (38-Y 0-N) (see vote tally)
01/19/2017Read second time and engrossed
01/20/2017Read third time and passed Senate (38-Y 0-N) (see vote tally)
01/30/2017Placed on Calendar
01/30/2017Read first time
01/30/2017Referred to Committee on General Laws
02/06/2017Assigned GL sub: Subcommittee #4
02/14/2017Subcommittee recommends reporting (5-Y 0-N)
02/16/2017Reported from General Laws (22-Y 0-N) (see vote tally)
02/20/2017Read second time
02/21/2017Read third time
02/21/2017Passed House BLOCK VOTE (98-Y 0-N)
02/21/2017VOTE: BLOCK VOTE PASSAGE (98-Y 0-N) (see vote tally)
02/24/2017Bill text as passed Senate and House (SB1113ER)
02/24/2017Signed by President
02/24/2017Signed by Speaker
02/27/2017Impact statement from DPB (SB1113ER)
02/28/2017Enrolled Bill Communicated to Governor on 2/28/17
02/28/2017G Governor's Action Deadline Midnight, March 27, 2017
03/16/2017G Approved by Governor-Chapter 572 (effective 7/1/17)
03/16/2017G Acts of Assembly Chapter text (CHAP0572)