                                 CODE OF VIRGINIA

USE OF FUNDS COLLECTED UNDER THIS TITLE (§ 6.2-102)

A. All fees assessed under any provision of this title and paid into the state
treasury shall be deposited to a special fund designated &#8220;Financial
Institutions Special Fund &#8212; State Corporation Commission,&#8221; and out
of such special fund and the unexpended balance thereof shall be appropriated
the sums necessary for the regulation, supervision, and examination of all
entities subject to regulation under this title. The Commission shall have the
authority to maintain a reasonable margin in the nature of a reserve in the
Financial Institutions Special Fund for the expenses of operating the Bureau.

B. In order to provide additional funds for the operation of the Bureau, the
Commission is authorized to increase the fees and assessments for the
examination and supervision of banks, trust companies, savings institutions,
industrial loan associations, credit unions, consumer finance licensees,
mortgage lenders, and mortgage brokers by an amount not to exceed 50 percent of
the fees and assessments provided for in &#xA7;&#xA7; 6.2-908, 6.2-1033,
6.2-1202, 6.2-1310, 6.2-1414, 6.2-1532, and 6.2-1612.

HISTORY: Code 1950, § 6-4; 1966, c. 584, § 6.1-2; 1974, c. 183; 1987, cc. 556,
558; 1988, c. 303; 1993, cc. 419, 432; 1994, c. 312; 2010, c. 794.