45-17-106 - Filing fees Financial statements.
45-17-106. Filing fees Financial statements.
(a) Each application for a license shall be accompanied by:
(1) A filing fee of five hundred dollars ($500), which shall not be subject to refund but which, if the license is granted, shall constitute the license fee for the first license year or part thereof; and
(2) A balance sheet and income statement for the immediately preceding fiscal year end, prepared in accordance with generally accepted accounting principles by a certified public accountant or public accounting firm. For a newly created entity, the commissioner may accept a balance sheet only, accompanied by a projected income statement demonstrating that the licensee will have adequate capital after payment of start-up costs.
(b) The filing fee set forth in subdivision (a)(1) shall be applicable to each location.
[Acts 1997, ch. 255, § 7; 1999, ch. 14, § 1.]