Within the limitations imposed under this subsection, the fee shall be set at an amount that will generate no more than the total revenue necessary for the council's operation. The council shall lower the fee if the total revenue generated is higher than the total revenue necessary for the council's operation. By February 15, 2018, and each February 15 thereafter, the council shall submit a report to the Governor, the President of the Senate, and the Speaker of the House of Representatives. The report must show that the total revenue generated is not higher than the total revenue necessary for the council's operation, must include a justification of staff needed for the council, and must include the number of Florida institutions participating in a reciprocity agreement. All fees collected pursuant to this subsection shall be submitted by the department to the Chief Financial Officer for deposit into a separate account within the Institutional Assessment Trust Fund. Any fee collected by the council pursuant to this subsection is nonrefundable unless paid in error.
Fla. Stat. § 1000.35