Chap. 371.—An ACT to provide additional funds for the operation of the Banking
Division of the State Corporation Commission by authorizing and giving the
State Corporation Commission power to increase the fees and assessments for
examination, supervision, registration and licensing of State banks and trust
companies, building and loan associations, industrial loan assocations, credit
unions and small loan companies, to expend the same and for other purposes.

[H B 304]
Approved March 28, 1936

Be it enacted by the General Assembly of Virginia, as follows:

1. In order to provide additional funds for the operation of the
Banking Division of the State Corporation Commission, the said State
Corporation Commission is hereby authorized and given power to
increase the fees and assessments for examination, supervision, regis-
tration and licensing of State banks and trust companies, building
and loan associations, industrial loan associations, credit unions and
small loan companies by whatever amount that may be necessary to
provide adequate funds for said Division each year of the biennium
ending June thirtieth, nineteen hundred and thirty-eight, but not to
exceed fifty per centum of the fees and assessments effective on Jan-
uary first, nineteen hundred thirty-four and such amount to be pro-
rated over the present fees and assessments in proportion to the
amount now paid and as in the judgment of the State Corporation
Commission may be just and expedient and that in the examination of
trust departments of State banks and trust companies the Banking
Division of the State Corporation Commission shall charge each bank
or trust company at the rate of ten ($10.00) dollars per day per man
and expenses therefor, all of which said fees, assessments, et certera,
shall be paid in the treasury of Virginia.

2. The Governor is hereby authorized, in his discretion, to increase
the annual appropriation made to the State Corporation Commission
for examination of banks, small loan companies, credit unions, build-
ing and loan associations, and industrial loan associations to an
amount not to exceed the annual revenues collected and paid into the
State treasury as the proceeds of fees levied and collected for the
examination and supervision of said banks, small loan companies,
credit unions, building and loan associations, and industrial loan asso-
ciations,

3. An emergency existing this act shall be in force from its pas-
sage.