(1) Any person desiring to be licensed as a contractor in this state shall make and file with the Contractors Licensing Board thirty (30) days before any regular or special meeting thereof, a written application on a form as may then be prescribed by the board, for examination by the board.
(2) The application shall be accompanied by payment in a sum to be determined by the board, but not to exceed one hundred dollars ($100) to the board.
(3) The thirty-day requirement may be waived by the board provided that the contractor has on file with the board a completed original application and proof of having successfully completed any examination required.
(4) Thereafter, an annual renewal license fee to be determined by the board but not to exceed one hundred dollars ($100) shall be paid by each licensee to defray the costs and expenses of the administration of this chapter.