§ 124.
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§ 124. Professional Regulatory Fee Fund
(a)Except as otherwise provided in subsection
(b)of this section, it is the policy of this State that:
(1)the cost of regulating a profession attached to the Office of Professional Regulation should be borne by the profession; and
(2)one profession should not subsidize the cost of regulating another profession.
(b)Professions regulated by the Director in consultation with advisor appointees shall share the cost of regulating those professions.
(c)A Professional Regulatory Fee Fund is created. All revenues received by the office shall be deposited into the Fund, credited to the appropriate board or to the professions regulated by the Director as a group, as appropriate, shall be used to offset up to two years of the costs incurred by that board or that group and shall not be used for any purpose other than professional regulation.
(d)To ensure that revenues derived by the Office are adequate to offset the cost of regulation, the Secretary of State shall review fees from time to time, and present proposed fee changes to the General Assembly. (Added 1989, No. 250 (Adj. Sess.), § 1; amended 1991, No. 167 (Adj. Sess.), § 62; 1997, No. 59, § 44, eff. June 30, 1997; 1999, No. 52, § 1; 2007, No. 163 (Adj. Sess.), § 2.)