2011 Code of Virginia
Title 13.1 CORPORATIONS.
Chapter 8 Retail Franchising Act (13.1-557 thru 13.1-574)
13.1-561.1 Fees to cover expense of regulation
13.1-561.1. Fees to cover expense of regulation.
The fees paid into the state treasury under this chapter, except for fees and funds collected for the Literary Fund, shall be deposited into a special fund and specifically accounted for and used by the State Corporation Commission to defray the costs of supervising, implementing, and administering the provisions of this chapter and Chapters 5 ( 13.1-501 et seq.) and 6 ( 13.1-528 et seq.) of this title, and Chapters 6.1 ( 59.1-92.1 et seq.) and 7 ( 59.1-93 et seq.) of Title 59.1. Included in the Commission's costs shall be a reasonable margin in the nature of a reserve fund. All excesses of fees collected exceeding these costs shall revert to the general fund.
(1987, c. 434.)
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