---
type: "Bill"
title: "Virginia Contractor Transaction Recovery Fund; claim limits; license threshold amounts."
description: "Virginia Contractor Transaction Recovery Fund; claim limits; license threshold amounts. Increases from $20,000 to $30,000 per claim the individual limit of claims against the Virginia Contractor Transaction Recovery Fund based upon an unpaid judgment arising out of the improper or dishonest conduct of a licensed contractor in connection with a single transaction involving contracting and increases from $40,000 to $100,000 during any biennium the aggregate claim limit against a single licensed contractor. The bill also raises the thresholds for the value of single contracts or projects and the total value of all construction, removal, repair, or improvements undertaken by a contractor in a 12-month period that govern each class of contractor's licenses. This bill is identical to SB 1059."
jurisdiction: "us/states/va"
legislature: "Virginia General Assembly"
session: "2025"
identifier: "HB 1707"
citation: "Virginia HB 1707 (2025)"
classification: ["bill"]
subjects: []
status: "enacted"
primary_sponsors: ["David L. Bulova"]
version_count: 3
action_count: 26
vote_count: 6
first_action: "2025-01-04"
last_action: "2025-03-19"
source: "openstates"
source_identifier: "ocd-bill/999fa10c-d40e-4d4b-aeb6-7a29b6eb3136"
source_url: "https://lis.virginia.gov/bill-details/20251/HB1707"
source_hash: "3d515dc8abf4d42981556fae7c560d295ce2694105f6365653c61236a3ac37c1"
vintage: "2026-07-01"
source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
retrieved_at: "2026-07-06"
confidence: "reported"
tags: ["legislation", "bill", "us-va"]
---

# Virginia HB 1707 (2025) — Virginia Contractor Transaction Recovery Fund; claim limits; license threshold amounts.

Virginia Contractor Transaction Recovery Fund; claim limits; license threshold amounts. Increases from $20,000 to $30,000 per claim the individual limit of claims against the Virginia Contractor Transaction Recovery Fund based upon an unpaid judgment arising out of the improper or dishonest conduct of a licensed contractor in connection with a single transaction involving contracting and increases from $40,000 to $100,000 during any biennium the aggregate claim limit against a single licensed contractor. The bill also raises the thresholds for the value of single contracts or projects and the total value of all construction, removal, repair, or improvements undertaken by a contractor in a 12-month period that govern each class of contractor's licenses. This bill is identical to SB 1059.

## Version chain

The bill's text revisions, in order — the diff chain from filing to enrollment.

1. **Introduced** (filed) — [source](https://lis.blob.core.windows.net/files/1012734.PDF)
2. **Chaptered** (committee substitute) — [source](https://lis.blob.core.windows.net/files/1071354.PDF)
3. **Enrolled** (enrolled) — [source](https://lis.blob.core.windows.net/files/1046285.PDF)

## Votes

- Constitutional reading dispensed (on 2nd reading) (38-Y 0-N) — **38–0** (pass) · upper
- Reported from General Laws and Technology (12-Y 0-N) — **12–0** (pass) · upper
- Read third time and passed House (97-Y 0-N) — **97–0** (pass) · lower
- Passed Senate (39-Y 0-N) — **39–0** (pass) · upper
- Subcommittee recommends reporting (8-Y 0-N) — **8–0** (pass) · lower
- Reported from General Laws (21-Y 0-N) — **21–0** (pass) · lower

## Sponsors

- David L. Bulova — primary (person)
- Eric Phillips — cosponsor (person)

## Timeline

The legislative action history — every referral, reading, and vote.

- **2025-01-04** Prefiled and ordered printed; Offered 01-08-2025 25100918D `filing, introduction`
- **2025-01-04** Referred to Committee on General Laws `referral-committee`
- **2025-01-13** Assigned GL sub: Professions/Occupations and Administrative Process `referral-committee`
- **2025-01-16** Subcommittee recommends reporting (8-Y 0-N)
- **2025-01-21** Reported from General Laws (21-Y 0-N) `committee-passage`
- **2025-01-23** Read first time `reading-1`
- **2025-01-24** Read second time and engrossed `reading-2`
- **2025-01-27** Read third time and passed House (97-Y 0-N) `passage, reading-3`
- **2025-01-28** Fiscal Impact Statement from Department of Planning and Budget (HB1707)
- **2025-01-28** Constitutional reading dispensed (on 1st reading)
- **2025-01-28** Referred to Committee on General Laws and Technology `referral-committee`
- **2025-02-05** Reported from General Laws and Technology (12-Y 0-N) `committee-passage`
- **2025-02-07** Rules suspended
- **2025-02-07** Constitutional reading dispensed (on 2nd reading) (38-Y 0-N)
- **2025-02-07** Passed by for the day
- **2025-02-10** Read third time `reading-3`
- **2025-02-10** Passed Senate (39-Y 0-N) `passage`
- **2025-02-12** Enrolled `enrolled`
- **2025-02-12** Bill text as passed House and Senate (HB1707ER) `passage`
- **2025-02-12** Fiscal Impact Statement from Department of Planning and Budget (HB1707)
- **2025-02-12** Signed by Speaker `passage`
- **2025-02-15** Signed by President `passage`
- **2025-02-18** Enrolled Bill communicated to Governor on February 18, 2025 `enrolled, executive-receipt`
- **2025-02-18** Governor's Action Deadline 11:59 p.m., March 24, 2025 `executive-receipt`
- **2025-03-19** Approved by Governor-Chapter 127 (Effective 07/01/25) `executive-signature`
- **2025-03-19** Acts of Assembly Chapter text (CHAP0127)

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/999fa10c-d40e-4d4b-aeb6-7a29b6eb3136`. Confidence: reported (aggregated from official Virginia legislature records).