The bill proposes the enactment of section 1547.85 of the Revised Code, which establishes regulations for watercraft dealers and their relationship with manufacturers regarding warranty service repair work. It defines key terms such as "dealer agreement," "manufacturer," "watercraft," and "watercraft dealer." The bill mandates that manufacturers with dealer agreements must fulfill warranty and recall obligations, including compensating dealers for labor and parts used in repairs at rates not less than those charged to retail customers for similar non-warranty work. Additionally, it outlines the process for watercraft dealers to establish their compensation rates based on submitted service repair orders.

Furthermore, the bill stipulates that manufacturers cannot impose penalties or retaliatory actions against dealers for exercising their rights under this section. It also prohibits manufacturers from requiring dealers to establish compensation rates through overly burdensome methods. The legislation aims to ensure fair compensation for watercraft dealers while maintaining a clear framework for warranty and recall service obligations.