HRS §444-27
Extra fees to keep contractor fund funded
Read the official text at capitol.hawaii.gov ↗When the contractor recovery fund drops below $250,000, the board can charge each contractor up to $500 per year to refill it. If a contractor does not pay within 60 days, their license is forfeited. The board can also set other penalties or conditions to get the license back.
contractors
The statute, as written — Additional payments to fund
A copy, taken August 20, 2026. The version published by the Legislature is the one that governs, and it may have changed since. Check it before relying on anything here.
(a) At any time when the balance remaining in the contractors recovery fund is less than $250,000, the board may assess every contractor a fee not to exceed $500 annually for deposit in the contractors recovery fund. (b) The failure of any contractor to pay the assessment within sixty days from the date of assessment shall constitute a forfeiture of the contractor's license. The board may impose other penalties or requirements as a condition of restoration of the license.
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