California AB1758 amends the Business and Professions Code to establish emergency assessments for travel sellers.

California AB1758 amends the Business and Professions Code to establish emergency assessments for travel sellers. The Travel Consumer Restitution Corporation can make emergency assessments up to twice a year, with a maximum of $150 per location. If the restitution fund balance falls below $1.6 million, additional assessments up to $200 per location can be made. The annual assessment for the operations fund is capped at $70 per location. The bill also includes provisions for late fees and reporting requirements.

California AB1758 amends the Business and Professions Code to establish emergency assessments for travel sellers.

California AB1758 amends the Business and Professions Code to establish emergency assessments for travel sellers. The Travel Consumer Restitution Corporation can make emergency assessments up to twice a year, with a maximum of $150 per location. If the restitution fund balance falls below $1.6 million, additional assessments up to $200 per location can be made. The annual assessment for the operations fund is capped at $70 per location. The bill also includes provisions for late fees and reporting requirements.