CODE OF VIRGINIA

FEES TO COVER EXPENSE OF REGULATION (§ 59.1-95.1)

The fees paid into the state treasury under this chapter, except for fees and
funds collected for the Literary Fund, shall be deposited into a special fund
and specifically accounted for and used by the State Corporation Commission to
defray the costs of supervising, implementing, and administering the provisions
of Chapters 5 (§ 13.1-501 et seq.) and 8 (§ 13.1-557 et seq.) of Title 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 reasonable margin in
the nature of a reserve fund. All excesses of fees collected exceeding these
costs shall revert to the general fund.

HISTORY: 1987, c. 434.