Hawaii HB741 amends housing laws to exempt certain projects from prevailing wage requirements.
Hawaii HB741 modifies housing regulations by exempting projects utilizing funds from the affordable homeownership revolving fund with total development costs not exceeding $3,000,000 from prevailing wage requirements. This exemption applies to contracts in excess of $2,000 for construction of public work projects. The bill also excludes experimental and demonstration housing and certain housing projects under chapter 201H if the cost is less than $500,000 and the developer is a private nonprofit corporation.
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