P.R. Laws tit. 20, § 2311
With regard to licenses or certifications, the Department of State shall fix through regulations the fees payable for examination, issuing, renewal, registration and duplicates thereof. It shall likewise provide through regulations all that concerns the way in which said fees shall be paid.
As to the amount collected for registration, the Board shall annually compute and certify to the Department of State the amount to be remitted to the Appraisal Subcommittee, pursuant to the provisions of Title XI of the federal law, from the minimum portion required by law and the applicable federal regulations.
The funds collected from the various items consigned in this section shall be covered into the General Fund. The portion of the registration fees that shall be sent annually to the Financial Institutions Examination Board is exempted, which shall be deposited by the Secretary of the Treasury in a special, separate account and on behalf of the Department of State. The funds thus consigned shall be used exclusively for the amount from the registration fee that shall be remitted annually by the Secretary of State to said federal body on behalf of the Board.
History —July 31, 1974, No. 277, Part 2, p. 326, § 11; Aug. 14, 1991, No. 62, § 8; Dec. 26, 1997, No. 194, § 9.