Subd. 1. Annual registration fee.

The board shall establish the fee of $150 for initial licensure and $150 annual licensure renewal. The board may prorate the initial licensure fee.

Subd. 2. Penalty fee for late renewals.

The penalty fee for late submission for renewal application is $50.

Subd. 3. Deposit.

Fees collected by the board under this section must be deposited in the state government special revenue fund.