|
Senate Engrossed
residential contractor assessments; recovery fund |
|
State of Arizona Senate Fifty-sixth Legislature Second Regular Session 2024
|
|
SENATE BILL 1291 |
|
|
|
|
An Act
amending section 32-1126, Arizona Revised Statutes; relating to contractors.
(TEXT OF BILL BEGINS ON NEXT PAGE)
Be it enacted by the Legislature of the State of Arizona:
Section 1. Section 32-1126, Arizona Revised Statutes, is amended to read:
32-1126. Fees
A. The license fees prescribed by this chapter are as follows:
1. Application and license fees for an original biennial license:
(a) For general residential contracting and subclassifications of general residential contracting, not more than $500.
(b) For general commercial contracting and subclassifications of general commercial contracting, not more than $1,500.
(c) For general dual licensed contracting, not more than $2,000.
(d) For specialty residential contracting, not more than $350.
(e) For specialty commercial contracting, not more than $1,000.
(f) For specialty dual licensed contracting, not more than $1,350.
2. Biennial license renewal fee fees:
(a) For general residential contracting and subclassifications of general residential contracting, not more than $320.
(b) For general commercial contracting and subclassifications of general commercial contracting, not more than $1,000.
(c) For general dual licensed contracting, not more than $1,320.
(d) For specialty residential contracting, not more than $270.
(e) For specialty commercial contracting, not more than $900.
(f) For specialty dual licensed contracting, not more than $1,170.
B. The fee for an annual license renewal granted pursuant to section 32-1123.01 is one-half of the biennial license renewal fee.
C. The registrar may establish reasonable fees for services performed by the registrar relating to reexaminations, processing of applications, changes of qualifying party and approval of name changes on licenses.
D. The penalty for failure to apply for renewal of a license within the time prescribed by this chapter is $50.
E. The registrar may establish a separate fee for examination.
F. The registrar may contract with private testing services to establish and administer such examinations and may authorize the payment of the examination fee to the private testing service.
G. Except as provided in section 32-1152, subsection C and subsection H of this section, a person applying for a contractor license or for renewal of a contractor license to engage in residential contracting shall pay an assessment of not more than $600 $370 for an initial license and $270 for license renewal during the biennial license period for deposit in the residential contractors' recovery fund established by section 32-1132. If the registrar does not issue the license, the assessment shall be returned to the applicant.
H. If at the end of a fiscal year the amount of monies in the residential contractors' recovery fund established by section 32-1132 exceeds $15,000,000, the assessments prescribed in subsection G of this section shall be reduced by fifty percent until the amount of monies in the residential contractors' recovery fund at the end of a subsequent fiscal year is less than $10,000,000. At that time the assessments shall be reinstated to the full amounts prescribed in subsection G of this section.