59.1-95.1 - Fees to cover expense of regulation. - Virginia Statutes

§ 59.1-95.1. 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 Chapters 5 (§ 13.1-501 et seq.) and 8 (§ 13.1-557 et seq.) ofTitle 13.1, and Chapters 6.1 (§ 59.1-92.1 et seq.) and 7 (§ 59.1-93 et seq.)of this title. Included in the Commission's costs shall be a reasonablemargin in the nature of a reserve fund. All excesses of fees collectedexceeding these costs shall revert to the general fund.

(1987, c. 434.)