1707.37 Division of securities fund.

All fees and charges collected under Chapter 1707. of the Revised Code shall be paid into the state treasury to the credit of the division of securities fund, which is hereby created. All expenses of the division of securities shall be paid from the fund.

The fund shall be assessed a proportionate share of the administrative costs of the department of commerce in accordance with procedures prescribed by the director of commerce and approved by the director of budget and management. The assessments shall be paid from the division of securities fund to the division of administration fund.

If moneys in the division of securities fund are determined by the director of budget and management and the director of commerce to be in excess of those necessary to defray all the expenses in any fiscal year, the director of budget and management shall transfer the excess to the general revenue fund.

Effective Date: 10-11-1994