VirginiaHB17072025 Regular SessionHouse

Virginia Contractor Transaction Recovery Fund; claim limits; license threshold amounts.

Sponsored By: David L. Bulova (Democratic)

To Governor

Summary

Virginia Contractor Transaction Recovery Fund; claim limits; license threshold amounts. Increases from $20,000 to $30,000 per claim the individual limit of claims against the Virginia Contractor Transaction Recovery Fund based upon an unpaid judgment arising out of the improper or dishonest conduct of a licensed contractor in connection with a single transaction involving contracting and increases from $40,000 to $100,000 during any biennium the aggregate claim limit against a single licensed contractor. The bill also raises the thresholds for the value of single contracts or projects and the total value of all construction, removal, repair, or improvements undertaken by a contractor in a 12-month period that govern each class of contractor's licenses. This bill is identical to SB 1059.

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Bill Overview

No Economic Impacts Identified for this Bill

Sponsors & Cosponsors

Sponsor

  • David L. Bulova

    Democratic • House

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

All Roll Calls

Yes: 215 • No: 0

Senate vote • 2/10/2025

Passed Senate Block Vote

Yes: 39 • No: 0

Senate vote • 2/7/2025

Constitutional reading dispensed Block Vote (on 2nd reading)

Yes: 38 • No: 0

Senate vote • 2/5/2025

Reported from General Laws and Technology

Yes: 12 • No: 0

House vote • 1/27/2025

Read third time and passed House Block Vote

Yes: 97 • No: 0

House vote • 1/21/2025

Reported from General Laws

Yes: 21 • No: 0

House vote • 1/16/2025

Subcommittee recommends reporting

Yes: 8 • No: 0 • Other: 1

Actions Timeline

  1. Acts of Assembly Chapter text (CHAP0127)

    3/19/2025Governor
  2. Approved by Governor-Chapter 127 (Effective 07/01/25)

    3/19/2025Governor
  3. Governor's Action Deadline 11:59 p.m., March 24, 2025

    2/18/2025Governor
  4. Enrolled Bill communicated to Governor on February 18, 2025

    2/18/2025House
  5. Signed by President

    2/15/2025Senate
  6. Fiscal Impact Statement from Department of Planning and Budget (HB1707)

    2/12/2025House
  7. Bill text as passed House and Senate (HB1707ER)

    2/12/2025House
  8. Enrolled

    2/12/2025House
  9. Signed by Speaker

    2/12/2025House
  10. Passed Senate Block Vote (39-Y 0-N)

    2/10/2025Senate
  11. Read third time

    2/10/2025Senate
  12. Constitutional reading dispensed Block Vote (on 2nd reading) (38-Y 0-N)

    2/7/2025Senate
  13. Passed by for the day

    2/7/2025Senate
  14. Rules suspended

    2/7/2025Senate
  15. Reported from General Laws and Technology (12-Y 0-N)

    2/5/2025Senate
  16. Fiscal Impact Statement from Department of Planning and Budget (HB1707)

    1/28/2025House
  17. Referred to Committee on General Laws and Technology

    1/28/2025Senate
  18. Constitutional reading dispensed (on 1st reading)

    1/28/2025Senate
  19. Read third time and passed House Block Vote (97-Y 0-N)

    1/27/2025House
  20. Read second time and engrossed

    1/24/2025House
  21. Read first time

    1/23/2025House
  22. Reported from General Laws (21-Y 0-N)

    1/21/2025House
  23. Subcommittee recommends reporting (8-Y 0-N)

    1/16/2025House
  24. Assigned GL sub: Professions/Occupations and Administrative Process

    1/13/2025House
  25. Referred to Committee on General Laws

    1/4/2025House

Bill Text

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