Bill No.: SF0077                  Drafter:  MRW

LSO No.:  07LSO-0394              Effective Date:  7/1/2007

Enrolled Act No.:  SEA0072

Chapter No.:

Prime Sponsor:     Senator Larson

Catch Title:       Liens for electrical services.

Subject:  Liens for electrical services.

Summary/Major Elements:

· Establishes a lien for a cooperative utility if the utility is owed more than $5,000.00 and that amount has been unpaid for more than 90 days.

• Establishes the priority for a perfected lien for a cooperative utility to be the date and time the lien statement is filed.

• Prevents the lien from having priority over other perfected liens or mortgages on the same property which have been perfected prior to the filing date of this lien.

• Specifies filing procedures and provides for an extension for filing the lien.