Code of Virginia - Title 6.1 Banking And Finance - Section 6.1-293 Collection and disposition of fees

§ 6.1-293. Collection and disposition of fees

The Commission shall collect and turn in to the state treasury all license and other fees and all amounts so collected and the unexpended balances thereof may be used only for the payment of the expenses of the administration of this chapter and of the performance of other functions of the Bureau of Financial Institutions of the Commission. The Commission may employ such examiners or clerks to assist it and the Commissioner as it from time to time deems necessary and may fix their compensation. All salaries and expenses necessarily incurred in the administration of this chapter shall be paid out of the license and other fees collected and turned in to the state treasury under the provisions of this chapter, upon the basis of duly verified itemized vouchers, approved by the Commission. The Comptroller shall issue his warrant on the State Treasurer for, and the State Treasurer shall pay, the salaries and expenses out of the proceeds in the state treasury from these fees, in accordance with appropriations as from time to time made.

(Code 1950, § 6-322; 1966, c. 584; 1978, c. 14.)

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Last modified: April 2, 2009