§ 13.1-525.1. Fees to cover expense of regulation
The fees paid into the state treasury under this chapter, except for fees and funds collected for the Literary Fund, shall be deposited into a special fund and specifically accounted for and used by the State Corporation Commission to defray the costs of supervising, implementing, and administering the provisions of this chapter and Chapters 6 (§ 13.1-528 et seq.) and 8 (§ 13.1-557 et seq.) of this title, and Chapters 6.1 (§ 59.1-92.1 et seq.) and 7 (§ 59.1-93 et seq.) of Title 59.1. Included in the Commission's costs shall be a reasonable margin in the nature of a reserve fund. All excesses of fees collected exceeding these costs shall revert to the general fund.
(1987, c. 434.)
Sections: Previous 13.1-520 13.1-520.1 13.1-521 13.1-522 13.1-523 13.1-523.1 13.1-524 13.1-525 13.1-525.1 13.1-526 13.1-527 13.1-527.01 13.1-527.1 13.1-527.2 13.1-527.3 NextLast modified: April 16, 2009