Section 6140.55 - [Effective until 1/1/2025] Increase of annual license fees(a) The board may increase the annual license fees fixed by it pursuant to Section 6140 by an additional amount per active licensee not to exceed forty dollars ($40), and the annual license fees fixed by it pursuant to Section 6141 by an additional amount per inactive licensee not to exceed ten dollars ($10), in any year, the additional amount to be applied only for the purposes of the Client Security Fund and the costs of its administration, including, but not limited to, the costs of processing, determining, defending, or insuring claims against the fund.(b)(1) Notwithstanding subdivision (a), the board may disburse or appropriate any excess funds not needed to support the Client Security Fund, including reserve funds, to the State Bar's general fund.(2) Any funds disbursed or transferred pursuant to paragraph (1) shall first be used to cover salaries and benefits of employees in bargaining units for which a memorandum of understanding has been agreed to by the State Bar before being used for any other purpose.(c) This section shall remain in effect only until January 1, 2025, and as of that date is repealed.Ca. Bus. and Prof. Code § 6140.55
Amended by Stats 2023 ch 697 (SB 40),s 24, eff. 1/1/2024.Amended by Stats 2018 ch 659 (AB 3249),s 101, eff. 1/1/2019.Amended by Stats 2005 ch 341 (AB 1529),s 4, eff. 1/1/2006Amended by Stats 2001 ch 24 (SB 352), s 7, eff. 1/1/2002.This section is set out more than once due to postponed, multiple, or conflicting amendments.