PROPOSED
HOUSE OF REPRESENTATIVES AMENDMENTS TO H.B. 2055
(Reference to printed bill)
Page 1, between lines 1 and 2, insert:
"Section 1. Section 32-1131, Arizona Revised Statutes, is amended to read:
32-1131. Definitions
In this article, unless the context otherwise requires:
1. "Assessment" means the contribution by a contractor to the residential contractors' recovery fund.
2. "Fund" means the residential contractors' recovery fund.
3. "Person injured" means any owner of residential real property which is classified as class three property under section 42‑12003 or residential real property which is classified as CLASS six under section 42‑12006, paragraph 9 and which is actually occupied or intended to be occupied by the owner as a residence including community property, tenants in common or joint tenants who are damaged by the failure of a residential contractor or a dual licensed contractor to adequately build or improve a residential structure or appurtenance on that real property. Included in this definition are lessees of residential real property who contract directly with a residential contractor or indirectly with a subcontractor of that contractor and homeowners' or unit owners' associations after transfer of control from the builder or developer for damages to the common elements within the complex.
4. "Residential contractor" means a contractor as defined in section 32‑1101 who is licensed to perform work on residential property pursuant to this chapter and who engages in residential contracting."
Renumber to conform
Page 3, after line 43, insert:
"this paragraph does not apply to any real and personal property and improvements with a full cash value, pursuant to section 42‑1101, of six hundred thousand dollars or more unless the property qualified for valuation protection pursuant to article IX, section 18, subsection (7), Constitution of Arizona, as of December 31, 2016."
Amend title to conform