32-1134.01 - Arizona Statutes

32-1134.01. Additional payments to fund If at any time the balance remaining in the residential contractors' recovery fund is less than two million dollars, every residential contractor who paid into the fund pursuant to section 32-1132 may be reassessed in an amount determined by the registrar pursuant to section 32-1134 and shall make the required payment into the fund. The registrar shall suspend a residential contractor's license for failure to make the required payment until the amount owed is paid in full.