- (a) In each year in which the balance of the Education and Recovery Fund is less than $300,000 the Department will determine the fee that shall be paid by all license holders into the Education and Recovery Fund (The Fund).
- (b) The necessity for assessing the fee will be determined by the Department on each December 31st. The fee shall be paid in addition to the renewal fee. The renewal notice sent by the Department will reflect the fee due to the fund.
- (c) The fee that is assessed by the Department shall be in effect for a period of 12 months. The fee shall be paid by each license holder upon annual renewal of the license during the 12-month period.
- (d) In addition to any other fees, all new applicants for an Auctioneer or Associate license will pay a $100 fee to the fund before a license will be issued.
Source Note:The provisions of this §67.40 adopted to be effective April 3, 2001, 26 TexReg 2538.