§ 54C-55. Supervision and examination fees authorized; use of funds collected under Chapter. - North Carolina Statutes

§ 54C‑55.  Supervisionand examination fees authorized; use of funds collected under Chapter.

(a)        Every State savingsbank, including savings banks in process of voluntary liquidation, or a holdingcompany thereof, shall pay into the office of the Commissioner of Banks eachJuly a supervisory fee. Examination fees shall be paid promptly upon anassociation's receipt of the examination billing. The Commissioner of Banks,subject to the advice and consent of the Commission, shall, on or before June 1of each year:

(1)        Determine and fixthe scale of supervisory and examination fees to be assessed and collectedduring the next fiscal year; and

(2)        Determine and fixthe amount of the fee and set the fee collection schedule for the fees to beassessed to and collected from applicants to defray the cost of processingtheir charter, branch, merger, conversion, holding company acquisition, andname change applications.

(b)        All funds andrevenue collected by the Division under this section and all other sections ofthis Chapter that authorize the collection of fees and other funds shall bedeposited with the State Treasurer and expended under the terms of theExecutive Budget Act, solely to defray expenses incurred by the office of theCommissioner of Banks in carrying out its supervisory and auditing functions.

(c)        Notwithstandingsubsections (a) and (b) of this section, whenever the Commissioner of Banksunder G.S. 54C‑54 appoints a suitable and competent person, other than aperson employed by the Commissioner of Banks' office, to make an examinationand investigation of the business of a State savings bank, the savings bankshall pay all costs and expenses relative to the examination and investigation.(1991, c. 680,s. 1; 1998‑215, s. 38(b); 2001‑193, s. 16.)