KRS 324A.155: Appraisal management company recovery fund -- Purposes -- Lapsing.

(1) There is hereby created and established in the State Treasury the appraisal

management company recovery fund. The fund shall be administered by the board

for the purposes set forth in KRS 324A.163.

(2) In addition to the license fees provided for in KRS 32 4A.154, upon issuance of

every appraisal management company's registration, and every regular annual

renewal date thereafter, the board shall charge each registrant an amount not to

exceed eight hundred dollars ($800) per year to be deposited in the apprai sal

management company recovery fund.

(3) Notwithstanding KRS 45.229, any moneys remaining in the fund at the close of the

fiscal year shall not lapse, but shall be carried forward into the succeeding fiscal

year. Any interest earnings of the fund shall be come a part of the fund and shall not

lapse.