43-07-07. Classes of licenses - License fees - License renewal fees.
402 words·~2 min read·
/nd/title-43/chapter-43-07-contractors/43-07-07·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
1. Four classes of licenses may be issued under this chapter, which must be designated
as class A, B, C, and D licenses. A holder of a license may engage in the contracting
business within this state subject to the following limitations:
a. The holder of a class A license is subject to no limitation as to the value of any
single contract project.
b. The holder of a class B license is not entitled to engage in the construction of any
single contract project of a value in excess of five hundred thousand dollars.
c. The holder of a class C license is not entitled to engage in the construction of any
single contract project of a value in excess of three hundred thousand dollars.
d. The holder of a class D license is not entitled to engage in the construction of any
single contract project of a value in excess of one hundred thousand dollars.
2. If applying for a license as described and required in this chapter, the applicant shall
pay to the registrar the following fees:
a. For a class A license, the sum of four hundred fifty dollars.
b. For a class B license, the sum of three hundred dollars.
c. For a class C license, the sum of two hundred twenty-five dollars.
d. For a class D license, the sum of one hundred dollars.
3. For a renewal of a license, the licensee shall pay to the registrar the following fees:
a. For a class A license, the sum of ninety dollars.
b. For a class B license, the sum of sixty dollars.
c. For a class C license, the sum of forty-five dollars.
d. For a class D license, the sum of thirty dollars.
4. Twenty-five percent of all moneys collected by the registrar under this chapter must be
deposited in the secretary of state's general services operating fund to pay the cost to
administer this chapter and the balance of the moneys collected must be deposited
with the state treasurer, who shall credit that amount to the general fund of the state.
5. A nonprofit entity that is constructing or rehabilitating a single-family dwelling that will
be given to or sold below the appraised value to a low-income person, may not be
charged a fee by the secretary of state for a license or renewal of license as described
and required under this chapter.