KRS 319B.120: Renewal, expiration, suspension, and revocation of licenses -- Fees and

penalties -- Trust and agency fund.

(1) Every license issued under this chapter shall expire on June 30 following the date of

issuance unless sooner revoked and canceled.

(2) On or before June 1 of each year, the board shall send notices to all licensees, at

their last known addresses, advising them that the annual renewal fee is due on July

1 of each year. Every licensee shall renew his or her license on or before July 1 of

each year by the payment to the board of an annual renewal fee which shall be a

reasonable fee set by administrative regulation of the board and upon submission of

a statement of compliance with the continuing education regulations of the board. If

this renewal fee is not paid or the statement of compliance is not submitted on or

before July 1, the board shall notify the delinquent licensee by mail at his or her last

known address that the fee and statement are past due and that a delinquent penalty

fee is asses sed, in addition to the renewal fee, and that the renewal fee and penalty

must be paid and the statement of compliance submitted on or before January 1. If

these fees, penalties, and statement are not submitted by January 1, it shall be the

duty of the boa rd to suspend or revoke the license for nonpayment of the annual

renewal and delinquent fees or for failure to submit the statement of compliance for

the current year.

(3) All fees collected under the provisions of this chapter, or the administrative

regulations adopted pursuant to this chapter, shall be paid into the State Treasury,

and credited to a trust and agency fund to be used in defraying the costs and

expenses in the administration of this chapter, including but not limited to salaries

and necessary travel expenses.