|SB 0775||Revises the statute of limitations and damages for home improvements|
|LR Number:||3419L.01I||Fiscal Note:||3419-01|
|Committee:||Pensions and General Laws|
|Last Action:||03/14/00 - Voted Do Pass S Pensions & General Laws Committee||Journal page:|
|Effective Date:||August 28, 2000|
SB 775 - This act revises the statute of limitations and adds economic loss damages for home improvements. The 10 year statute of limitations remains the same. Currently, the time period begins to run at completion of the improvement. "Completion" is not defined in the statute.
This act changes the starting date of the time limit to "substantial completion" and sets forth a definition of substantial completion. The bill also adds economic loss to the list of damages restricted by the 10 year time limit.
This act is similar to SB 29 (1999).