Sellers of travel.
Vote required
Two Thirds
Fiscal committee
No
Appropriation
No
Current location
Enrolled
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed Assembly
- Passed Senate
- To Governor
- Became Law
Overview
This bill increases the annual assessment that sellers of travel in California must pay to the Travel Consumer Restitution Corporation. Currently, the assessment is capped at $35 per location, but it will now be raised to $60 per location. The corporation can also increase the assessment by up to the amount of the previous year’s California Consumer Price Index increase, with Attorney General approval. The bill also addresses funding for the restitution fund, potentially increasing assessments to maintain adequate levels.
Key provisions
- Increases the maximum annual assessment for the operations fund from $35 to $60 per location.
- Allows the corporation to increase the assessment annually by up to the previous year’s Consumer Price Index increase.
- Establishes procedures for assessing additional fees to maintain restitution fund balances.
- Requires sellers of travel to pay assessments to support the Travel Consumer Restitution Corporation.
- Includes legislative findings and declarations regarding the need for regulation of travel sellers.
- Addresses emergency assessments to cover unexpected operational costs.
- Specifies timelines for assessment due dates and late fees.
- Requires the Travel Consumer Restitution Corporation to report assessments to the Attorney General.
Who is affected
- Sellers of travel
- Travel Consumers
- California Businesses
Bill text
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Sponsors
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1 on record
Primary sponsor
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