This bill requires that franchisors of power equipment, machinery and appliances reimburse franchisees at the franchisees' retail rates for parts or labor supplied in satisfaction of the franchisors' warranties. The bill also requires that franchisors approve or disapprove franchisees' reimbursement claims within 30 days of submission and pay claims within 30 days of approval. Finally, the bill enables franchisees who bring successful legal actions for reimbursement to receive costs and legal fees and prohibits certain agreements that would impair the franchisees' ability to perform warranty work in a professional manner.