Starting January 1, contractors who pay a million dollars or more to settle construction defect lawsuits involving apartment balconies and other load-bearing structural elements must report those deals to the Contractors State License Board, under legislation signed today by Governor Brown. His approval of Senate Bill 1465 came just one day after he signed SB 721, which sets requirements for periodic inspections of balconies, decks, outdoor stairs, walkways and other load-bearing, elevated exterior elements at apartment buildings and complexes.