§ 517-2. Creation of restitution fund.

A. 

The Suffolk County Home Improvement Contractor Restitution Fund is hereby created, hereinafter referred to as the "fund."

B. 

Every home improvement contractor who applies for a license or renews as such under Article II of Chapter 563 of the Suffolk County Code, on or after January 1, 1999, shall pay a one-time fee of $100.

C. 

The Suffolk County Comptroller is hereby authorized, empowered and directed to deposit such funds as may be collected to the fund in a separate account. All proceeds and earnings of such investments shall be retained in the fund and shall be utilized solely and exclusively for the purpose of that account.

[Amended 9-15-2011 by L.L. No. 49-2011; 6-17-2014 by L.L. No. 32-2014]

D. 

The proceeds of the fund shall be used for the sole and exclusive purpose of compensating consumers who obtain judgments against home improvement contractors that cannot be collected on for actual, tangible monetary losses incurred as a direct result of conduct by such licensed contractors as limited by subsequent sections of this article.

Amended 12-15-1998 by L.L. No. 2-1999