13.1-561.1 - Fees to cover expense of regulation. - Virginia Statutes

§ 13.1-561.1. Fees to cover expense of regulation.

The fees paid into the state treasury under this chapter, except for fees andfunds collected for the Literary Fund, shall be deposited into a special fundand specifically accounted for and used by the State Corporation Commissionto defray the costs of supervising, implementing, and administering theprovisions of this chapter and Chapters 5 (§ 13.1-501 et seq.) and 6 (§13.1-528 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 shallbe a reasonable margin in the nature of a reserve fund. All excesses of feescollected exceeding these costs shall revert to the general fund.

(1987, c. 434.)