The Florida Senate

489.140  Construction Industries Recovery Fund.--There is created the Florida Construction Industries Recovery Fund as a separate account in the Professional Regulation Trust Fund.

(1)  The Florida Construction Industries Recovery Fund shall be disbursed as provided in s. 489.143, on order of the board, as reimbursement to any natural person adjudged by a court of competent jurisdiction to have suffered monetary damages, or to whom the licensee has been ordered to pay restitution by the board, where the judgment or restitution order is based on a violation of ¹s. 489.129(1)(d), (h), (k), or (l), committed by any contractor, financially responsible officer, or business organization licensed under the provisions of this part at the time the violation was committed, and providing that the violation occurs after July 1, 1993.

(2)  The Construction Industries Recovery Fund shall be funded out of the receipts deposited in the Professional Regulation Trust Fund from the one-half cent per square foot surcharge on building permits collected and disbursed pursuant to s. 468.631.

History.--s. 21, ch. 93-166; s. 31, ch. 98-419.

¹Note.--Section 489.129(1)(d) was repealed by s. 9, ch. 98-419, and paragraphs (1)(h), (k), and (l), were redesignated as paragraphs (1)(g), (j), and (k), respectively.