50-73.67 - Annual registration fees to be paid by domestic and foreign limited partnerships. - Virginia Statutes

§ 50-73.67. Annual registration fees to be paid by domestic and foreignlimited partnerships.

Every domestic limited partnership, and every foreign limited partnershipregistered to transact business in the Commonwealth, shall pay into the statetreasury on or before October 1 in each year after the calendar year in whichit was formed or registered to transact business in the Commonwealth anannual registration fee of $50.

The fees paid into the state treasury under this section and the feescollected under subsection B of § 50-73.17 shall be set aside and paid intothe special fund created under § 13.1-775.1, and shall be used only by theCommission as it deems necessary to defray the costs of the Commission and ofthe office of the clerk of the Commission in supervising, implementing,administering and enforcing the provisions of this chapter. The projectedexcess of fees collected over the costs of administration and enforcement soincurred shall be paid into the general fund prior to the close of eachfiscal year, based on the unexpended balance of the special fund at the endof the prior fiscal year. An adjustment of this transfer amount to reflectactual fees collected shall occur during the first quarter of the succeedingfiscal year.

(1985, c. 607; 1987, c. 702; 1991, c. 434; 1995, c. 621; 2002, c. 441; 2007,cc. 631, 810.)