Massachusetts § 149X Retention and use of collected registration fees

Massachusetts Statutes

§ 149X — Retention and use of collected registration fees

Massachusetts·Part I ADMINISTRATION OF THE GOVERNMENT·Title XXII CORPORATIONS·Ch. 175 INSURANCE

Section 149X. The commissioner shall retain all registration fees collected under subsection (c) of section 149N and fines collected under clause (4) of subsection (b) of section 149U; provided, however, that revenue in excess of $100,000 annually shall revert to the General Fund. The retained revenue collected may be used by the commissioner to support the commissioner's registration, rulemaking and enforcement activities under sections 149M to 149W, inclusive.

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Section 149X. The commissioner shall retain all registration fees collected under subsection (c) of section 149N and fines collected under clause (4) of subsection (b) of section 149U; provided, however, that revenue in excess of $100,000 annually shall revert to the General Fund. The retained revenue collected may be used by the commissioner to support the commissioner's registration, rulemaking and enforcement activities under sections 149M to 149W, inclusive.

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