The House File No. (H.F. No.), authored by Nash and Johnson W., proposes an amendment to the Minnesota Statutes, specifically to section 326B.89 subdivision 1, related to labor and the contractor recovery fund. This bill aims to extend the coverage of the contractor recovery fund to include private residential pools, which are part of residential real estate.

Key points of the amendment include:

1. Definitions:

   • Gross annual receipts: Total income from residential contracting/remodeling, not adjusted for any expenses or losses.
   • Licensee: Defined as a person licensed as a residential contractor or residential remodeler.
   • Residential real estate: Now includes buildings for one-to-four family habitation, associated garages, and private residential pools used by the owner, family, or guests, and not for business purposes.
   • Fund: Refers to the contractor recovery fund.
   • Owner: A person with legal or interest in real property, excluding those using the property for business purposes other than owner-occupied residential activities.

2. Time Periods Defined:

   • Cycle One: From July 1 to December 31.
   • Cycle Two: From January 1 to June 30.

The modification to include private residential pools is significant as it expands the protection offered by the contractor recovery fund to owners of such pools, ensuring they are covered similar to other types of residential real estate. The amendment was referred to the Committee on Workforce, Labor, and Economic Development Finance and Policy for further discussion and review.