(a)

1. (1) With the exception of applications for credits for the installation of water measuring or metering devices, an applicant shall pay to the Natural Resources Division of the Department of Agriculture a fee in an amount equal to three percent (3%) of the total tax credit approved by the division.
2. (2) The minimum fee shall be one hundred dollars ($100), and the maximum fee shall be one thousand five hundred dollars ($1,500).

(b)

1. (1) Any fee due shall be paid to the division when an application for tax credit approval is filed.
2. (2) No certificate of tax credit approval shall be issued until the applicant pays an applicable fee.

(c)

1. (1) If the actual project cost is more than the estimated project cost contained in the application, the approved applicant must pay any difference between the original fee and the amount equivalent to three percent (3%) of actual project costs before the issuance of a certificate of completion.
2. (2) No certificate of completion shall be issued until the fee balance due has been paid.

3. (3) If an approved applicant fails to pay the fee balance, the:

   1. (A) Director of the Arkansas Natural Resources Commission will cancel the certificate of tax credit approval, barring the approved applicant from claiming any more additional credit; and
   2. (B) Department of Finance and Administration may seek to recover all tax credit previously claimed.