| Issue Date: | |
|---|---|
| Revised Date: | 2015-08-03 |
Legal Cites
- Occupations Code sec. 51.4011, sec. 51.407, sec. 51.408, sec. 1802.054, sec. 1802.153
Object Type
Cash — Business Regulation
Origin Date
1975 by H.B. 1925, 64th Leg.
Description
Registration, exam, and renewal fees for auctioneers and associate auctioneers. Examination fees, renewal fees, penalties and fines are set by department rule.
- If at December 31 of any year, the balance in the trust fund is less than $350,000 each licensee shall pay a fee in addition to renewal fees, the greater of $50 or a pro rata share of the amount necessary to bring the fund to $350,000.
- The department may charge an auction school a reasonable fee for approving the required curriculum.
- New license status of inactive, temporary and emergency fees set by the department.
Due Date
Period set by the Commission.
Collecting Agencies
Deposit Funds
Note
Amended by H.B. 863, 71st Leg., R.S.
Amended by H.B. 2269, 72nd Leg., R.S.
(2) Amended by H.B. 135, 78th Leg., R.S.
Amended by S.B. 279, 78th Leg., R.S.
(3) added by H.B. 2310, 81st Leg., R.S.
Balance required to charge $50 fee increased from $300,000 to $350,000 per H.B. 3038, 83rd Leg., R.S.
H.B 2481, 84th Leg., R.S. added associate auctioneers.
USAS Values
| Appropriation Year | 16 |
|---|---|
| USAS Title | PROFESSIONAL FEES |
| Receipt Category | 03 – Business Regulation |
| Receipt Type | 10 – Business/Professional Fees |
| Object Group | 30 – Revenues |
| USAS Status | A |
| Rev/Exp Category | 01 – LICENSES, FEES, FINES, AND PENALTIES |