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House passes HB 310 to end assessments to contractor lien‑recovery fund, cap admin costs
Summary
The House approved a substituted version of HB 310 that stops new assessments into Utah’s contractor lien‑recovery fund, preserves existing funds to pay claims, and limits administrative costs; sponsor said the measure reduces license fees and addresses high admin costs versus claim payments.
Representative Schultz, sponsor of HB 310, told the House that the bill ends future assessments into the lien‑recovery fund that contractors currently pay when obtaining a license, leaving existing balances in the fund to pay claims and capping long‑term administrative costs at $300,000. "In 2017 there were 8 claims paid out of this fund. Those claims totaled a hundred and $16,000. However, the administration costs in 2017 were $216,000," Schultz said, arguing the fund’s ongoing fee burden outweighed recent claim payments.
Schultz descri…
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