369.324. Examination costs, how paid--pro rata assessment, director to determine--division of savings and loan supervision fund, created, uses, transfers to general revenue fund, when.

MISSOURI STATUTES AND CODES

369.324. Examination costs, how paid--pro rata assessment, director to determine--division of savings and loan supervision fund, created, uses, transfers to general revenue fund, when.

Examination costs, how paid--pro rata assessment, director todetermine--division of savings and loan supervision fund, created,uses, transfers to general revenue fund, when.

369.324. 1. Each association shall pay for each annual orspecial examination such amount as the director of the divisionof finance shall certify to be just and reasonable. Paymentshall be made to the director of revenue.

2. The provisions of section 351.065, RSMo, shall apply toan increase in the authorized shares of a capital stockassociation.

3. To meet the salaries and expenses of the division offinance in administering the provisions of this chapter and otherlaws pertaining to savings and loan associations, the funds forwhich are not otherwise provided, the director shall requireevery association under the director's supervision to pay to thedirector its pro rata share thereof as estimated by the directorfor the ensuing year. The proportion to be assessed to eachassociation shall be the proportion which its assets bears to theaggregate assets of all associations subject to supervision asshown by the latest reports of associations to the director as ofMarch thirty-first of each calendar year, including in suchcomputation all assets acquired in foreclosure or in lieu offoreclosure situated outside this state, but excluding from suchcomputation all other assets consisting of real and tangiblepersonal property situated outside this state. The directorshall notify each association by mail of the amount assessedagainst it. The association shall pay the amount assessed underthe terms and within the time frame established by the director.

4. All fees and charges imposed upon associations pursuantto the provisions of sections 369.010 to 369.369 shall be paid tothe director of revenue and shall be paid into the statetreasury. The director of revenue shall keep an accurate accountof all such funds and shall at the request of the director reportthe total amount of such collections to the director.

5. The state treasurer shall credit such payments to aspecial fund to be known as the "Division of Savings and LoanSupervision Fund", which is hereby created and which shall bedevoted solely to the payment of expenditures actually incurredby the division and attributed to the regulation of savings andloan associations and other corporations subject to thejurisdiction of the division. Any amount, other than the amountassessed for support services and fringe benefits, remaining insuch fund at the end of any fiscal year up to five percent of theamount assessed to the savings and loan associations pursuant tothis section shall not be transferred and placed to the credit ofthe general revenue fund as provided in section 33.080, RSMo, butshall be used, upon appropriation by the general assembly for thepayment of such expenditures of the division in the succeedingfiscal year and shall be applied by the division to the reductionof the amount to be assessed to savings and loan associations insuch succeeding fiscal year; provided the amount assessed forsupporting services and the amount of fringe benefits and anyamount remaining in the division of savings and loan supervisionfund at the end of the fiscal year which exceeds five percent ofthe amount assessed to the savings and loan associations pursuantto this section shall be returned to general revenue.