In addition to HB 87 / SB 418, CSK also continues to monitor the progress of House Bill (“HB”) 501, entitled “Limitation of Actions,” as it makes its run through the 2015 session of the Florida legislature. The objective of HB 501 is to alter the current state of Florida law regarding the time within which claims may be brought for a latent defect in the design, planning, or construction of an improvement to real property. Simply put, enactment of the proposed Bill will decrease the statute of repose on construction-related claims in Florida from 10 years to 7 years.
Florida’s 2015 Legislative session kicks off on Tuesday March 3, 2015. This Legislative session CSK’s Construction Law Division is closely tracking the following bills:
• House Bill (“HB”) 87 titled Construction Defect Claims and a similar bill, Senate Bill (“SB”) 418; and
• HB 501 titled Limitations of Actions.
These bills, if passed, will impact the industry. This post focuses on HB 87 and SB 418. A separate post will be dedicated to HB 501.
HB 87 and SB 418 propose to make drastic changes to Chapter 558, Florida Statutes, Florida’s “Notice and Opportunity to Cure.” Continue reading