# Virginia SB1059: Virginia Contractor Transaction Recovery Fund; claim limits, license threshold amounts.

Virginia SB1059, Virginia Contractor Transaction Recovery Fund; claim limits, license threshold amounts., is a 2025 Regular Session Senate bill sponsored by T. Travis Hackworth (Republican); status to governor, last action 2025-03-19 (Acts of Assembly Chapter text (CHAP0133)) (as of 2026-10-17).

- Canonical: https://policyrisk.com/state-bill/VA-SB1059-2025
- As of: 2026-10-17
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: Virginia SB1059
- State: Virginia
- Session: 2025 Regular Session
- Title: Virginia Contractor Transaction Recovery Fund; claim limits, license threshold amounts.
- Status: to governor
- Chamber: Senate
- Introduced: 2025-01-07
- Last action: 2025-03-19, Acts of Assembly Chapter text (CHAP0133)
- Sponsor: T. Travis Hackworth (Republican)
- Cosponsors: 0
- Touches household money: no
- Roll calls: 5 (206 yes, 0 no in all)
- Economic provisions PRIA read: 0

## 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 HB 1707.

## Bill overview

No economic impacts identified for this bill.

## Sponsors and cosponsors

- Sponsor: T. Travis Hackworth (Republican), Senate

## Roll call votes

| Date | Chamber | Motion | Result | Yes | No | Other |
| --- | --- | --- | --- | --- | --- | --- |
| 2025-02-07 | House | Passed House Block Vote | pass | 94 | 0 |   |
| 2025-02-04 | House | Reported from General Laws | pass | 21 | 0 |   |
| 2025-01-28 | Senate | Read third time and passed Senate Block Vote | pass | 39 | 0 |   |
| 2025-01-24 | Senate | Constitutional reading dispensed Block Vote (on 1st reading) | pass | 37 | 0 |   |
| 2025-01-22 | Senate | Reported from General Laws and Technology | pass | 15 | 0 |   |

## Actions (26)

- 2025-03-19: Acts of Assembly Chapter text (CHAP0133) (Governor)
- 2025-03-19: Approved by Governor-Chapter 133 (Effective 07/01/25) (Governor)
- 2025-02-18: Governor's Action Deadline 11:59 p.m., March 24, 2025 (Governor)
- 2025-02-18: Enrolled Bill Communicated to Governor on February 18, 2025 (Senate)
- 2025-02-13: Signed by President (Senate)
- 2025-02-10: Fiscal Impact Statement from Department of Planning and Budget (SB1059) (Senate)
- 2025-02-10: Bill text as passed Senate and House (SB1059ER) (Senate)
- 2025-02-10: Enrolled (Senate)
- 2025-02-10: Signed by Speaker (House)
- 2025-02-07: Passed House Block Vote (94-Y 0-N) (House)
- 2025-02-07: Read third time (House)
- 2025-02-06: Read second time (House)
- 2025-02-04: Reported from General Laws (21-Y 0-N) (House)
- 2025-02-03: Referred to Committee on General Laws (House)
- 2025-02-03: Read first time (House)
- 2025-02-03: Placed on Calendar (House)
- 2025-01-29: Fiscal Impact Statement from Department of Planning and Budget (SB1059) (Senate)
- 2025-01-28: Read third time and passed Senate Block Vote (39-Y 0-N) (Senate)
- 2025-01-27: Engrossed by Senate (Senate)
- 2025-01-27: Read second time (Senate)
- 2025-01-24: Constitutional reading dispensed Block Vote (on 1st reading) (37-Y 0-N) (Senate)
- 2025-01-24: Passed by for the day (Senate)
- 2025-01-24: Rules suspended (Senate)
- 2025-01-22: Reported from General Laws and Technology (15-Y 0-N) (Senate)
- 2025-01-07: Referred to Committee on General Laws and Technology (Senate)
- 2025-01-07: Prefiled and ordered printed; Offered 01-08-2025 25102900D (Senate)

## Bill text

- Chaptered, 2025-03-19: [HTML](https://lis.blob.core.windows.net/files/1071407.HTML), [PDF](https://lis.blob.core.windows.net/files/1071406.PDF)
- Enrolled, 2025-02-10: [HTML](https://lis.blob.core.windows.net/files/1044284.HTML), [PDF](https://lis.blob.core.windows.net/files/1044283.PDF)
- Introduced, 2025-01-07: [HTML](https://lis.blob.core.windows.net/files/1017683.HTML), [PDF](https://lis.blob.core.windows.net/files/1017682.PDF)

## Related bills

- HR671: Commending JR's Auto Care. (adopted)
- SB941: Robbery; use of air or gas operated weapon, etc., penalty. (failed)
- HB1746: Public safety officer; definition. (failed)
- HB1600: Budget Bill. (failed)
- SB1449: Data centers; site assessment for high energy use facility. (failed)
- HB1609: Essential health benefits benchmark plan; Commission to consider coverage for infertility treatment. (to governor)

## Sources
- [Chaptered (HTML)](https://lis.blob.core.windows.net/files/1071407.HTML)
- [Chaptered (PDF)](https://lis.blob.core.windows.net/files/1071406.PDF)
- [Enrolled (HTML)](https://lis.blob.core.windows.net/files/1044284.HTML)
- [Enrolled (PDF)](https://lis.blob.core.windows.net/files/1044283.PDF)
- [Introduced (HTML)](https://lis.blob.core.windows.net/files/1017683.HTML)
- [Introduced (PDF)](https://lis.blob.core.windows.net/files/1017682.PDF)

## Related
- [HR671: Commending JR's Auto Care.](https://policyrisk.com/state-bill/VA-HR671-2025)
- [SB941: Robbery; use of air or gas operated weapon, etc., penalty.](https://policyrisk.com/state-bill/VA-SB941-2025)
- [HB1746: Public safety officer; definition.](https://policyrisk.com/state-bill/VA-HB1746-2025)
- [HB1600: Budget Bill.](https://policyrisk.com/state-bill/VA-HB1600-2025)
- [SB1449: Data centers; site assessment for high energy use facility.](https://policyrisk.com/state-bill/VA-SB1449-2025)
- [HB1609: Essential health benefits benchmark plan; Commission to consider coverage for i…](https://policyrisk.com/state-bill/VA-HB1609-2025)
- [Virginia bills](https://policyrisk.com/states/virginia/bills)
- [Virginia state hub](https://policyrisk.com/states/virginia)
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Source: PRIA, https://policyrisk.com/state-bill/VA-SB1059-2025 (as of 2026-10-17).