Text: SF02456 Text: SF02458 Text: SF02400 - SF02499 Text: SF Index Bills and Amendments: General Index Bill History: General Index
Get Version To Print
PAG LIN 1 1 Section 1. Section 91C.4, Code 1995, is amended to read as 1 2 follows: 1 3 91C.4 FEES. 1 4 The labor commissioner shallprescribe thecollect an 1 5 annual fee for registration, which fee shall not exceed1 6twenty-five dollars every two years. All fees collected shall1 7be deposited in the general fund of the stateas follows: 1 8 1. Fifty dollars from every person who acts as a general 1 9 contractor, as defined in section 91C.15, engaged in the 1 10 business of new home construction. Of the amount collected 1 11 pursuant to this subsection, twenty-five dollars shall be 1 12 retained by the division of labor services to be used for 1 13 costs related to the administration of this chapter. The 1 14 division shall transfer the remaining twenty-five dollars to 1 15 the office of the attorney general to be used for costs 1 16 related to the administration of this chapter. 1 17 2. Thirty-five dollars from every other person engaged in 1 18 business as a contractor. Amounts collected pursuant to this 1 19 subsection shall be retained by the division of labor services 1 20 to be used for costs related to the administration of this 1 21 chapter. 1 22 Sec. 2. NEW SECTION. 91C.15 DEFINITIONS. 1 23 As used in this subchapter, unless the context otherwise 1 24 requires: 1 25 1. "General contractor" means a person who owns or 1 26 operates a new home construction business, or who offers to 1 27 undertake, or agrees to perform, the construction of a new 1 28 home. "General contractor" does not include a subcontractor 1 29 who contracts or subcontracts with a general contractor for 1 30 the provision of property, materials, or services for a new 1 31 home construction contract. 1 32 2. "Home" means a new single-family residence. 1 33 Sec. 3. NEW SECTION. 91C.16 GENERAL CONTRACTOR 1 34 AFFIDAVIT. 1 35 A general contractor shall provide to a purchaser of a new 2 1 home a signed affidavit stating that the cost of all materials 2 2 and labor associated with the construction of the new home 2 3 have been paid by the general contractor. The affidavit shall 2 4 be provided to the purchaser at the time of, or prior to, the 2 5 closing of the financing agreement between the mortgagee and 2 6 the purchaser. 2 7 Sec. 4. Sections 91C.15 and 91C.16, as enacted by this 2 8 Act, shall be codified as a separate subchapter in chapter 2 9 91C. 2 10 SF 2457 2 11 mj/cc/26
Text: SF02456 Text: SF02458 Text: SF02400 - SF02499 Text: SF Index Bills and Amendments: General Index Bill History: General Index
Iowa General Assembly
Search: Senate Bills and Amendments (76th General Assembly)
© 1996 Cornell College and League of Women Voters of Iowa
Comments? webmaster@legis.iowa.gov.
Last update: Thu Apr 25 03:20:03 CDT 1996
URL: /DOCS/GA/76GA/Legislation/SF/02400/SF02457/960411.html
jhf