FY 2016 Appropriation

The Residence Lien Recovery Fund is an expendable revenue fund established to protect homeowners from mechanics liens (placed through no fault of the homeowner) by providing a resource for subcontractors to receive payment due them (which were uncollectible from the contractor) through claims to the fund.

Funding History
Appropriation Overview

During the 2015 General Session, the Legislature appropriated for Fiscal Year 2016, $1,000,000 from all sources for Residence Lien Recovery Fund. This is a 0 percent change from Fiscal Year 2015 revised estimated amounts from all sources.

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COBI contains unaudited data as presented to the Legislature by state agencies at the time of publication. For audited financial data see the State of Utah's Comprehensive Annual Financial Reports.