KRS 322A.050: Application fees -- Disposition -- Surety bond.

An applicant for registration shall pay a nonrefundable fee established by regulation of

the board. If the board declines to issue registration to any applicant, the initial fee paid

by the applicant shall be retained as an application fee. All fees paid t o and collected by

the board under the provisions of this section and KRS 322A.070 shall be deposited in a

revolving trust and agency account under the jurisdiction of the board. The officers or

employees of the board who shall be designated to collect and disburse funds represented

by these fees shall be required to execute a bond, with corporate surety, in an amount to

be determined by the board.