Section 27-17A-25


Published: 2015

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Section 27-17A-25

Section 27-17A-25Disposition of funds.

THIS SECTION WAS AMENDED BY ACT 2014-216 IN THE 2014 REGULAR SESSION, EFFECTIVE JULY 1, 2014. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT.



(a) All fees collected by the commissioner pursuant to this chapter shall be deposited into the State Treasury to the credit of the Insurance Department Fund.



(b) All fines collected by the commissioner pursuant to this chapter shall be deposited into the State Treasury to the credit of the State General Fund.



(c) The commissioner may use funds available from any source including, but not limited to, grants, appropriations, and gifts, for any purpose in the enforcement of this chapter.

(Act 2002-74, p. 221, §1; Act 2014-216, §3.)