38-11-104 - Board.
38-11-104. Board.
(1) There is created the Residence Lien Recovery Fund Advisory Board consisting of:
(a) three individuals licensed as a contractor who are actively engaged in construction onowner-occupied residences;
(b) three individuals who are employed in responsible management positions with majorsuppliers of materials or equipment used in the construction on owner-occupied residences; and
(c) one member from the general public who has no interest in the construction onowner-occupied residences, or supply of materials used in the construction on owner-occupiedresidences.
(2) The board shall be appointed and members shall serve their respective terms inaccordance with Section 58-1-201.
(3) The duties and responsibilities of the board shall be to:
(a) advise the division with respect to informal adjudication of any claim for paymentfrom the fund and any request for a certificate of compliance received by the division;
(b) act as the presiding officer, as defined by rule, in formal adjudicative proceedingsheld before the division with respect to any claim made for payment from the fund;
(c) advise the division with respect to:
(i) the general operation of the fund;
(ii) the amount and frequency of any assessment under this chapter;
(iii) the amount of any fees required under this chapter;
(iv) the availability and advisability of using funds for purchase of surety bonds toguarantee payment to qualified beneficiaries; and
(v) the limitation on the fund balance under Section 38-11-206; and
(d) review the administrative expenditures made by the division pursuant to Subsection38-11-201(4) and report its findings regarding those expenditures to the executive director on orbefore the first Monday of December of each year.
(4) The attorney general shall render legal assistance as requested by the board.
Amended by Chapter 42, 2004 General Session