Section 26-A5607. FEES

 

5607.1 In addition to the ten thousand dollar ($ 10,000) annual, non-refundable certification fee due on or before January 31 required by section 6(g)(4) of the Act, a certified capital company shall pay to the Commissioner a late fee in the amount of five thousand dollars ($ 5,000) if the certified capital company submits its certification fee required by section 6(g)(4) of the Act after January 31.

 

5607.2 If a certified capital company fails to file a report required by section 6(g) of the Act on a timely basis, the certified capital company shall pay to the Department a daily late fee in the amount of fifty dollars ($ 50) per day for each report filed after the due date established by section 6(g) of the Act, unless the late fee is waived by the Commissioner.

 

5607.3 In connection with the annual review conducted by the Commissioner of a certified capital company pursuant to section 8(a) of the Act, the certified capital company shall pay the cost of the annual review in an amount not to exceed ten thousand dollars ($10,000).
 

authority

Section 10 of the Certified Capital Companies Act of 2003, effective March 10, 2004 (D.C. Law 15-87; D.C. Official Code §§ 31-5239 (2009 Repl.))

source

Final Rulemaking published at 51 DCR 7555, 7561 (July 30, 2004); as amended by Final Rulemaking published at 57 DCR 6722 (July 30, 2010).