§ 11-59-119 — Collection of fees - division of securities cash fund

(1) A fee
payable under this article shall be deemed paid when the securities commissioner
receives the payment.

(2) The securities commissioner shall transmit all fees collected under this
article to the state treasurer, who shall credit the same to the division of securities
cash fund created by section 11-51-707. Moneys credited to the division of
securities cash fund shall be used as provided in this section and in section 11-51-707 and shall not be deposited in or transferred to the general fund of this state or
any other fund.

(3) The securities commissioner shall set the amount of each fee which the
securities commissioner is authorized by law to collect under this article. In the
discretion of the commissioner, the securities commissioner may set application for
registration or amendment fees payable under section 11-59-104 by establishing a
basic filing fee up to a maximum of five hundred dollars, plus a scale of rates
applied to the dollar amount of bonds to be registered, not to exceed five dollars
per ten thousand dollars, up to a maximum of ten thousand dollars based on the
dollar amount of bonds to be issued. The securities commissioner may set the
exemption fee payable under section 11-59-110 up to a maximum of one hundred
dollars. Such fees for a fiscal year may be adjusted by the securities commissioner
no more often than twice during that fiscal year.

Legislative History

Source: L. 91: Entire article added, p. 2422, � 1, effective January 1, 1992.