1. A. All fees, receipts and monies collected by the Commissioner under and pursuant to this act shall be deposited with the State Treasurer, who shall place the same to the credit of the Bail Bondsmen Revolving Fund created in this section. The amount so deposited is hereby dedicated and appropriated to the Commissioner for the payment of the expense of examinations, licensing, investigations, the providing of forms, the operating expenses of the Department, and other related expenses necessitated by this act. All payments out of said fund shall be made by the State Treasurer on warrants issued against claims approved by the Insurance Commissioner and submitted to the Director of State Finance for audit and payment. These funds are in addition to other appropriations made to the Office of Insurance Commissioner.
2. B. There is hereby created in the State Treasury a revolving fund for the State Insurance Commissioner to be designated the "Bail Bondsmen Revolving Fund". The fund shall be a continuing fund, not subject to fiscal year limitations.
3. C. Any funds payable to the court clerk or other officer pursuant to this act, by any licensed bondsman, managing general agent, surety company or professional bondsman shall be issued a receipt in the name of the surety company or professional bondsman, as the case may be, and when such funds are refunded or otherwise disbursed, they shall be made payable to such surety company or professional bondsman, as the case may be.

Added by Laws 1965, HB 642, c. 184, c. § 37, eff. January 1, 1966; Amended by Laws 1979, HB 1020, c. 47, § 40, emerg. eff. April 9, 1979; Amended by Laws 1984, SB 377, c. 215, § 9, emerg. eff. June 30, 1984; Amended by Laws 1990, HB 1775, c. 195, § 9, emerg. eff. May 10, 1990; Amended by Laws 1997, c. 268, § 1, eff. September 1, 1997 (superseded document available).