Sec 32-1123.01. Staggered periods of licensure; biennial renewal

The registrar shall maintain a system of staggered licensure to distribute the work of licensure throughout the twelve months of the year. From and after January 1, 1993, the registrar shall implement a system for biennial license renewal and provide for proration of license renewal fees for that purpose. The registrar may grant an exception to the biennial licensing or biennial renewal requirements of this section and may allow an annual renewal based on a written petition by a contractor claiming that the biennial requirements would cause a real and immediate hardship. The written petition shall include a detailed statement of the contractor's current financial condition containing information that is required by the registrar on a form furnished by or acceptable to the registrar. The registrar shall notify the contractor in writing of the decision and shall specify the terms of the exception if granted. Failure of the contractor to provide a detailed statement of current financial condition is grounds for denial.