State Codes and Statutes
Statutes > Virginia > Title-13-1 > Chapter-5 > 13-1-525-1§ 13.1-525.1. 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 6 (§ 13.1-528 et seq.) and 8 (§13.1-557 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.)
