                                 CODE OF VIRGINIA

ANNUAL FEES (§ 6.2-2614)

A. In order to defray the costs of their examination, supervision, and
regulation, every licensee under this chapter shall pay an annual fee calculated
in accordance with a schedule set by the Commission. All such fees shall be
assessed on or before April 1 for every calendar year. All such fees shall be
paid by the licensee to the State Treasurer on or before May 1 following each
assessment.

B. In addition to the annual fee prescribed in subsection A, when it becomes
necessary to examine or investigate the books and records of a licensee under
this chapter at a location outside the Commonwealth, the licensee shall be
liable for and shall pay to the Commission within 30 days of the presentation of
an itemized statement the actual travel and reasonable living expenses incurred
on account of its examination, supervision, and regulation or shall pay a
reasonable per diem rate approved by the Commission.

HISTORY: 2020, cc. 1198, 1250.