Senate Bill 1976er

    ENROLLED

    1998 Legislature                        SB 1976, 1st Engrossed



  1

  2         An act relating to the Construction Industry

  3         Recovery Fund; amending s. 489.143, F.S.;

  4         increasing the aggregate amount that may be

  5         paid for claims against any one

  6         certificateholder or registrant; providing an

  7         effective date.

  8

  9  Be It Enacted by the Legislature of the State of Florida:

10

11         Section 1.  Subsection (4) of section 489.143, Florida

12  Statutes, is amended to read:

13         489.143  Payment from the fund.--

14         (4)  Payments for claims against any one

15  certificateholder or registrant shall not exceed, in the

16  aggregate, $100,000 annually, up to a total aggregate of

17  $250,000. Beginning January 1, 1998, for any claim approved by

18  the board which is in excess of the annual cap, the amount in

19  excess of $100,000 up to the total aggregate cap of $250,000

20  is eligible for payment in the next and succeeding fiscal

21  years, but only after all claims for the then current calendar

22  year have been paid. Payments may not exceed the aggregate

23  annual or per-claimant limits under law.

24         Section 2.  This act shall take effect upon becoming a

25  law.

26

27

28

29

30

31


                                  1