State Codes and Statutes
Statutes > Virginia > Title-6-1 > Chapter-18 > 6-1-457§ 6.1-457. (Repealed effective October 1, 2010) Annual fees.
A. In order to defray the costs of their examination, supervision andregulation, every licensee under this chapter shall pay an annual feecalculated in accordance with a schedule set by the Commission. The scheduleshall bear a reasonable relationship to the business volume of suchlicensees, the actual costs of their examinations, and to other factorsrelating to their supervision and regulation. All such fees shall be assessedon or before September 15 for every calendar year. All such fees shall bepaid by the licensee to the State Treasurer on or before October 15 followingeach assessment.
B. In addition to the annual fee prescribed in subsection A, when it becomesnecessary to examine or investigate the books and records of a licensee underthis chapter at a location outside the Commonwealth, the licensee shall beliable for and shall pay to the Commission within thirty days of thepresentation of an itemized statement, the actual travel and reasonableliving expenses incurred on account of its examination, supervision andregulation, or shall pay at a reasonable per diem rate approved by theCommission.
(2002, c. 897.)
