Sec. 18. (a) The board may establish and collect:
(1) up to thirty-five dollars ($35) for each brand recording; and
(2) fair and reasonable charges related to the cost of administering a brand recordation program for:
(A) the rerecording of brands;
(B) the recording of instruments transferring ownership of brands; and
(C) certificates of recordation or rerecordation of brands.
(b) The board shall deposit fees collected under this section in the brand registration fund. The brand registration fund is a nonbudgetary fund, and the money remaining in the brand registration fund at the end of a state fiscal year does not revert to the state general fund. The board may disburse money from the brand registration fund to defray the administrative costs of implementing this chapter.
[Pre-2008 Recodification Citation: 15-5-14-13.]
As added by P.L.2-2008, SEC.10.
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