Hawaii HB741 exempts certain affordable homeownership projects from prevailing wage requirements if their total development costs do not exceed.

Hawaii HB741 amends Chapter 201H of the Hawaii Revised Statutes to exempt affordable homeownership projects with total development costs not exceeding $3,000,000 from prevailing wage requirements. This exemption applies to projects utilizing funds from the affordable homeownership revolving fund. The bill also modifies the definition of "contract" and "governmental contracting agency" to clarify the scope of the exemption. The changes take effect upon approval of the Act.

Hawaii HB741 exempts certain affordable homeownership projects from prevailing wage requirements if their total development costs do not exceed.

Hawaii HB741 amends Chapter 201H of the Hawaii Revised Statutes to exempt affordable homeownership projects with total development costs not exceeding $3,000,000 from prevailing wage requirements. This exemption applies to projects utilizing funds from the affordable homeownership revolving fund. The bill also modifies the definition of "contract" and "governmental contracting agency" to clarify the scope of the exemption. The changes take effect upon approval of the Act.