S.B. 44
         CONSTRUCTION TRADES LICENSING REVISIONS

Senate Floor Amendments

Amendment 1 February 4, 2013 8:29 AM



Senator John L. Valentine proposes the following amendments:

1.    Page 18, Lines 529 through 544 :    

             529          [(4)] (5) (a) [If an applicant for licensure as a contractor or a licensee applying for
             530      renewal or reinstatement of a contractor's license is an unincorporated entity, the]
{   The   }        For an applicant or a licensee described in Subsection (1) that is an unincorporated entity, the       division

             531     
{   may   }        shall            {   require   }        consider the person financial information of       each individual who holds an ownership interest in      {   [   } the      {   ]   }      {   an   } unincorporated entity

             532     
{   applicant or licensee   } to      {   demonstrate   }        determine the       financial responsibility      {   to the division and the

             533      commission   }
  of the applicant or the licensee       .

             534          (b) In accordance with Subsection [(2)] (3), the division may audit
{   an owner's   }        the              financial information of an owner in connection with a      

             535     
{   [   } demonstration of      {   ]   } financial responsibility [under Subsection (4)(a)]        described in Subsection 5(a)       at any time        ,       including

             536      requesting
{   :

             537          (i) the applicant or licensee to provide a current list of owners meeting the
             538      requirements of Subsection 58-55-302 (1)(e)(iv); and   }
             539          
{   (ii)   } a credit report for each owner.

             540          (c) If
  , based on the personal financial information provided by       an owner described in Subsection [(4)] (5)(a)      {   fails to demonstrate financial

             541      responsibility under this section   }
  , the division concludes that the applicant or the licensee lacks financial responsibility sufficient to successfully engage in business as a contractor       , the division may:

             542          (i) prohibit the
{   licensee or   } owner from engaging in a construction trade;      {   or   }

  (ii) prohibit the applicant or the licensee from engaging in a construction trade, unless the owner dissociates from the applicant or the licensee within 10 days after the day on which the division determines that, based on the owner's personal financial information, the applicant or the licensee lacks financial responsibility sufficient to successfully engage in business as a contractor; or      

             543          
{   (ii)   }        (iii)       require the owner, applicant, or licensee to submit a bond in an amount and form

             544      determined by the commission with the concurrence of the director.

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