                                 CODE OF VIRGINIA

REPORTS TO DIRECTOR AS TO SALE OF LICENSES (§ 29.1-333)

A. When remitting license and permit receipts, each clerk or agent shall make a
report to the Director, in a manner prescribed by the Director, which shall show
(i) the quantity of licenses of each kind sold and the amount of gross
collections for each kind of license, (ii) the amount of collections retained as
compensation pursuant to &#xA7; 29.1-332, (iii) the net amount remitted to the
Department, (iv) the amount of voluntary contributions collected pursuant to
subsection B of &#xA7; 29.1-330, and (v) any other information that the Director
may require.

B. For failure to make a report and remit the amount due within 30 days after
the due date, the clerk or agent shall forfeit his compensation for issuing
licenses on such report. If an agent fails to have funds in an amount equal to
the Department&#8217;s records of reported license sales in any account from
which remission of revenues to the Department is made by periodic electronic
transfer, he shall forfeit his compensation for issuing licenses during the
period covered by the transfer of the funds. For any subsequent failure to have
funds equal to the Department&#8217;s records of reported license sales in an
account from which remission of revenues to the Department is made by periodic
electronic transfer, the Director may revoke the person&#8217;s status as a
license agent.

C. For license sales made by telephone or electronic media, the reports and
remittances to the Department shall be made not less than quarterly and in
accordance with a schedule prescribed by the Board. For license sales made other
than by telephone or electronic media, the reports and remittances to the
Department shall be made as follows:

   1. For July and August, not later than September 5.

   2. For September, October, November and December, monthly, not later than the
   fifth of the succeeding month.

   3. For January, February and March, quarterly, not later than April 5.

   4. For April, May and June, quarterly, not later than July 5.

HISTORY: Code 1950, §§ 29-70, 29-72, 29-73; 1976, c. 660; 1987, c. 488; 1992,
c. 374; 2000, c. 132; 2003, cc. 95, 737.