May 3, 2021
Senator James Maroney (D-Milford), chairman of the General Legal Committee, led the discussion and passage of Senate Act 264, a law on fair reimbursement to retailers of electrical equipment. This bill guarantees power retailers a fair reimbursement and determines when they should pay a warranty claim.
“I was proud to lead the passage of this bill in the Senate,” said Senator Maroney. “This legislation will ensure that our local quality companies are paid fairly for their repairs. I appreciate an agreement between the equipment manufacturers and the dealer repair shops.”
According to this invoice, a small repair shop that carries out warranty work on behalf of a supplier / manufacturer has to pay the specified hourly rate. This deal was agreed by both the supplier and the retailer. The seller pays the supplier the current net price plus 18% for all parts that need to be repaired, in addition to the hourly rate.
SB 264 would benefit several small businesses in the state, including District 14 companies that Sen. Maroney represents. Orange companies, such as Knights, who perform high-quality repairs on behalf of manufacturers, would benefit from this fair refund and would only have to file a claim with the seller to receive the refund within 30 days.
This press release was produced by CGA. The views expressed here are the author’s own.