Relating to demolition reserves on fire and casualty claims on real property located within a city and requesting an interim study on such reserves

Where it is now

1. ✓
   Done: IntroducedFebruary 5, 2019
2. ✓
   Done: SubcommitteeFebruary 5, 2019
3. ✓
   Done: House committeeFebruary 19, 2019
4. ✕
   Stopped: Passes the HouseDied when the General Assembly ended
5. Next: Senate committee
6. Next: Passes the Senate
7. Next: To the Governor
8. Next: Signed into law

Died when the session ended The 2020 session adjourned on June 14, 2020, the General Assembly’s last regular session. Bills that didn’t pass both chambers died. What’s a funnel?

What’s in it

This bill provides that an insurer that has issued a fire and casualty insurance policy for the payment of damages to real property located in a city must reserve an amount equal to $20,000 or 20 percent of the payment for damages, whichever is greater, as a demolition cost reserve. Currently, the required amount is $10,000 or 10 percent of the payment, whichever is greater. A city can claim proceeds from the reserve if the city incurs costs to demolish a building where the damage to the property renders it uninhabitable or unfit for its purpose, without repair, and proof of loss indicates that damage to the insured structure or building exceeds 75 percent of the face value of the policy covering the building or structure.

Full bill text¹

House subcommittee

Named February 5, 2019. On February 14, 2019 it recommended passage.

• Rep. Dean Fisher REmail
• Rep. Pat Grassley REmail
• Rep. Dave Jacoby DEmail

Three legislators hear a bill first and recommend what the committee should do; it’s the best time to weigh in. How to take part

Family tree

Earlier and later bills are matched by wording or an identical title.

Similar bills

• HF 113 Relating to demolition reserves on fire and casualty claims on real property located withi…
  89th General Assembly · In committee
  Nearly identical

Matched by wording or an identical title.