Alabama Administrative Code
Title 230 - STATE OF ALABAMA LICENSING BOARD FOR GENERAL CONTRACTORS
Chapter 230-X-1 - CONTRACTORS
Section 230-X-1-.19 - Filing Financial Statements By Prime Contractors

Universal Citation: AL Admin Code R 230-X-1-.19
Current through Register Vol. 42, No. 5, February 29, 2024

A licensee who renews on or before the first day of their designated renewal month by submitting a renewal application and $200 renewal fee, but does not submit current financial information, may be granted an extension of time for filing same until for a period of ninety days, but no longer. The board considers "current financial information" as being no more than one year old, prepared by a CPA, and submitted as required by the Board. If the required financial information is not received by the end of the ninety-day extension period, the applicant will be required to pay a $50 late penalty prior to renewing the license.

All licensees not holding a current license for more than one year must file a new application for license.

Authors: Kathleen A. Brown, Joseph C. Rogers, Jr.

Statutory Authority: Code of Ala. 1975, § 34-8-33.

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