CHAPTER 184
HB 307 – FINAL VERSION
05/26/05 1492s
2005 SESSION
08/09
HOUSE BILL 307
AN ACT establishing a committee to study the feasibility of licensing residential building and remodeling contractors, and relative to bonds and letters of credit for manufactured housing installation licenses.
SPONSORS: Rep. Infantine, Hills 13; Rep. W. P. Campbell, Straf 3; Rep. Holden, Hills 7
COMMITTEE: Executive Departments and Administration
This bill establishes a committee to study the feasibility of licensing residential building and remodeling contractors.
This bill also allows the manufactured housing installation board to issue licenses to applicants who provide a letter of credit to the state treasurer in lieu of a surety bond.
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Explanation: Matter added to current law appears in bold italics.
Matter removed from current law appears [in brackets and struckthrough.]
Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.
05/26/05 1492s
05-0477
08/09
STATE OF NEW HAMPSHIRE
In the Year of Our Lord Two Thousand Five
AN ACT establishing a committee to study the feasibility of licensing residential building and remodeling contractors, and relative to bonds and letters of credit for manufactured housing installation licenses.
Be it Enacted by the Senate and House of Representatives in General Court convened:
184:1 Committee Established. There is established a committee to study the feasibility of licensing residential building and remodeling contractors.
184:2 Membership and Compensation.
I. The members of the committee shall be as follows:
(a) Three members of the house of representatives, appointed by the speaker of the house of representatives.
(b) Three members of the senate, appointed by the president of the senate.
II. Members of the committee shall receive mileage at the legislative rate when attending to the duties of the committee.
184:3 Duties. The committee shall study the feasibility of licensing residential building and remodeling contractors. The committee’s study shall include similar licensing programs in other states, the “contract for construction” concept, continuing education requirements, and the concept of a state-wide building code for site-built construction.
184:4 Chairperson; Quorum. The members of the study committee shall elect a chairperson from among the members. The first meeting of the committee shall be called by the first-named house member. The first meeting of the committee shall be held within 45 days of the effective date of this section. Four members of the committee shall constitute a quorum.
184:5 Report. The committee shall report its findings and any recommendations for proposed legislation to the speaker of the house of representatives, the president of the senate, the house clerk, the senate clerk, the governor, and the state library on or before November 1, 2005.
184:6 Manufactured Housing Installation; Bond or Letter of Credit. Amend RSA 205-D:9 to read as follows:
205-D:9 Bond Required.
I. The board shall not issue a license to any person unless the person has posted a surety bond or letter of credit to be held by the state treasurer in [the] an amount [of at least $100,000, as] to be determined by the board[, or the equivalent in cash, marketable securities, letters of credit, or escrow accounts with the attorney general. The type of bond shall be designated by the attorney general]. No surety bond or letter of credit shall be accepted unless it is with a surety company authorized to do business in this state. The surety may cancel the bond or letter of credit at any time upon giving 30 days’ written notice to the [attorney general] board.
II. Any person who is damaged by any violation of this chapter may bring an action against the bond or [its equivalent] letter of credit to recover damages suffered and any other amounts allowable by law. The attorney general, in any action brought under this chapter or any other applicable provisions of the law, may likewise proceed against the bond or [its equivalent] letter of credit.
184:7 New Paragraph; Rulemaking. Amend RSA 205-D:20 by inserting after paragraph XI the following new paragraph:
XII. The establishment of bond and letter of credit requirements under RSA 205-D:9.
184:8 Effective Date. This act shall take effect upon its passage.
(Approved: June 30, 2005)
(Effective Date: June 30, 2005)