                                 CODE OF VIRGINIA

ASSESSMENT FOR EXPENSE OF HOLDING DEPOSITS (§ 46.2-455)

For the purpose of defraying the expense of the safekeeping and handling of the
cash or securities deposited with him under the provisions of this title, in
December of each year the State Treasurer shall levy against each person having
cash or securities deposited with him an assessment of not more than one-tenth
of one percent of the cash or of the par value of the securities deposited to
his account, and shall collect the assessment in January of each year. These
funds shall be deposited to the general fund of the state treasury. If any
assessment is not paid by January 31 of each year, the State Treasurer shall so
notify the Commissioner in writing, attaching thereto a dated copy of the
original assessment.

HISTORY: 1986, c. 16, § 46.1-486.1; 1989, c. 727.