---
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 HB 1707."
jurisdiction: "us/states/va"
legislature: "Virginia General Assembly"
session: "2025"
identifier: "SB 1059"
citation: "Virginia SB 1059 (2025)"
classification: ["bill"]
subjects: []
status: "enacted"
primary_sponsors: ["T. Travis Hackworth"]
version_count: 3
action_count: 26
vote_count: 5
first_action: "2025-01-07"
last_action: "2025-03-19"
source: "openstates"
source_identifier: "ocd-bill/f3a5e9a4-8c07-457a-b77b-305f9961b2ce"
source_url: "https://lis.virginia.gov/bill-details/20251/SB1059"
source_hash: "e6dc7d822af6f8f8e77cc8759654ba43499aceeb8b2720630cdcd938970a77de"
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 SB 1059 (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 HB 1707.

## 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/1017682.PDF)
2. **Chaptered** (committee substitute) — [source](https://lis.blob.core.windows.net/files/1071406.PDF)
3. **Enrolled** (enrolled) — [source](https://lis.blob.core.windows.net/files/1044283.PDF)

## Votes

- Read third time and passed Senate (39-Y 0-N) — **39–0** (pass) · upper
- Reported from General Laws (21-Y 0-N) — **21–0** (pass) · lower
- Constitutional reading dispensed (on 1st reading) (37-Y 0-N) — **37–0** (pass) · upper
- Reported from General Laws and Technology (15-Y 0-N) — **15–0** (pass) · upper
- Passed House (94-Y 0-N) — **94–0** (pass) · lower

## Sponsors

- T. Travis Hackworth — primary (person)

## Timeline

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

- **2025-01-07** Prefiled and ordered printed; Offered 01-08-2025 25102900D `filing, introduction`
- **2025-01-07** Referred to Committee on General Laws and Technology `referral-committee`
- **2025-01-22** Reported from General Laws and Technology (15-Y 0-N) `committee-passage`
- **2025-01-24** Rules suspended
- **2025-01-24** Constitutional reading dispensed (on 1st reading) (37-Y 0-N)
- **2025-01-24** Passed by for the day
- **2025-01-27** Read second time `reading-2`
- **2025-01-27** Engrossed by Senate
- **2025-01-28** Read third time and passed Senate (39-Y 0-N) `passage, reading-3`
- **2025-01-29** Fiscal Impact Statement from Department of Planning and Budget (SB1059)
- **2025-02-03** Placed on Calendar
- **2025-02-03** Read first time `reading-1`
- **2025-02-03** Referred to Committee on General Laws `referral-committee`
- **2025-02-04** Reported from General Laws (21-Y 0-N) `committee-passage`
- **2025-02-06** Read second time `reading-2`
- **2025-02-07** Read third time `reading-3`
- **2025-02-07** Passed House (94-Y 0-N) `passage`
- **2025-02-10** Enrolled `enrolled`
- **2025-02-10** Bill text as passed Senate and House (SB1059ER) `passage`
- **2025-02-10** Fiscal Impact Statement from Department of Planning and Budget (SB1059)
- **2025-02-10** Signed by Speaker `passage`
- **2025-02-13** Signed by President `passage`
- **2025-02-18** Enrolled Bill Communicated to Governor on February 18, 2025 `enrolled`
- **2025-02-18** Governor's Action Deadline 11:59 p.m., March 24, 2025 `executive-receipt`
- **2025-03-19** Approved by Governor-Chapter 133 (Effective 07/01/25) `executive-signature`
- **2025-03-19** Acts of Assembly Chapter text (CHAP0133)

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/f3a5e9a4-8c07-457a-b77b-305f9961b2ce`. Confidence: reported (aggregated from official Virginia legislature records).