House Bill 4073

    Florida House of Representatives - 1998                HB 4073

        By Representative Wasserman Schultz






  1                      A bill to be entitled

  2         An act relating to the Construction Industries

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

  4         increasing the total aggregate amount

  5         authorized against any one certificateholder or

  6         registrant; providing for certain retroactive

  7         effect; providing an 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         (3)  Payments for claims arising out of the same

15  transaction shall be limited, in the aggregate, to $25,000,

16  regardless of the number of claimants involved in the

17  transaction.

18         (4)  Payments for claims against any one

19  certificateholder or registrant shall not exceed, in the

20  aggregate, $250,000 $100,000.

21         Section 2.  If any claims for recovery from the

22  Construction Industries Recovery Fund by claimants who have

23  come before the Construction Industry Licensing Board since

24  January 1, 1998, were denied in whole or in part due solely to

25  the aggregate cap of $100,000 in effect prior to the effective

26  date of this act, the board is hereby ordered to pay such

27  claims, provided such claims do not exceed the aggregate limit

28  of $250,000 provided in s. 489.143(4), Florida Statutes, as

29  amended by this act, and the limit per claimant of $25,000, as

30  provided in s. 489.143(3), Florida Statutes.

31

                                  1

CODING: Words stricken are deletions; words underlined are additions.






    Florida House of Representatives - 1998                HB 4073

    524-150-98






  1         Section 3.  This act shall take effect upon becoming a

  2  law.

  3

  4            *****************************************

  5                          HOUSE SUMMARY

  6
      Increases the total aggregate amount authorized to be
  7    paid from the Construction Industries Recovery Fund for
      claims against any one certificateholder or registrant,
  8    and provides for certain retroactive effect. See bill for
      details.
  9

10

11

12

13

14

15

16

17

18

19

20

21

22

23

24

25

26

27

28

29

30

31

                                  2