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CHAPTER 31. CORPORATION

• §;31-1-1 to 31-1-160 Repealed
• §16731-1A-1to31-1A-69 Repealed
• §31-2-1 Railroad companies to be common carriers; general powers.
• §31-2-2 Right to own and dispose of property.
• §31-2-3 Right to produce electricity for own uses.
• §31-2-4 Right to dispose of surplus electricity, power, etc.
• §31-2-5 Buying, selling or transporting coal and coke.
• §31-2-6 Charter to show principal cities and towns to be served by railroad.
• §31-2-7 Filing map of railroad.
• §31-2-8 Warning of approach of train at crossings; crossing railroad tracks.
• §31-2-9 Signboards or warning notices at crossings.
• §31-2-10 Watering troughs for livestock.
• §31-2-11 Consolidation of railroad properties.
• §31-2-12 Passing into other states.
• §31-2-13 Enumerated powers.
• §31-2-14 Foreclosure or judicial sale of railroad company.
• §31-2-15 Same -- Rights and duties of purchaser.
• §31-2A-1 Definitions.
• §31-2A-2 Blocking of crossing prohibited; time limit.
• §31-2A-3 Responsibility of railroad company.
• §31-2A-4 Presumption.
• §31-2A-5 Service of process.
• §31-2A-6 Fines and penalties.
• §31-2A-7 Severability.
• §31-2B-1 Legislative findings and purposes.
• §31-2B-2 Illumination requirements; time period for implementation; application of requirements.
• §31-2B-3 Repair and maintenance; exemption.
• §31-2B-4 Runs originating from out of state.
• §31-2B-5 Enforcement penalty.
• §31-2B-6 No individual responsibility.
• §31-3-1 Consent of state to construction of booms.
• §31-3-2 Powers of boom company; boomage; lien; sale for tolls; free passage of logs.
• §31-3-3 Injuries to property of boom company.
• §31-3-4 Measurement of timber in boom.
• §31-3-5 Removal of timber lodging on lands; damages; taking or carrying away without authority.
• §31-3-6 Obstruction of use of stream to drive logs into boom.
• §31-3-7 Liability of boom company for timber within boom.
• §31-3-8 Meaning of "logs or timber."
• §31-3-9 Injury to mill and other riparian property.
• §31-3-10 Filing marks and brands before driving logs.
• §31-3-11 Obstruction of public roads or fords.
• §16731-4-1to31-4-20 Repealed
• §16731-4A-1to31-4A-17 Repealed
• §16731-4B-1to31-4B-7 Repealed
• §16731-4C-1to31-4C-5 Repealed
• §31-4D-1 Definitions.
• §31-4D-2 Registration in name of fiduciary.
• §31-4D-3 Transfer pursuant to assignment by fiduciary.
• §31-4D-4 Obtaining evidence of appointment or incumbency of fiduciary.
• §31-4D-5 Adverse claims.
• §31-4D-6 Nonliability of corporation or transfer agent.
• §31-4D-7 Nonliability of third persons.
• §31-4D-8 Law governing registering or transferring securities; application of article.
• §31-4D-9 Tax obligations.
• §31-4D-10 Uniformity of interpretation.
• §31-4D-11 Short title.
• §16731-4E-1to31-4E-5 Repealed
• §16731-5-1to31-5-15 Repealed
• §16731-6-1to31-6-44 Repealed
• §16731-6A-1to31-6A-6 Repealed
• §16731-7-1to31-7-29 Repealed
• §16731-8-1to31-8-46 Repealed
• §16731-9-1to31-9-18 Repealed
• §16731-10-1to31-10-35 Repealed
• §16731-11-1to31-11-21 Repealed
• §31-12-1 Certain building and loan associations and other institutions may subscribe to shares of federal savings and loan association.
• §31-12-2 Powers of federal savings and loan associations in state.
• §31-12-3 Powers of state building and loan associations, etc., in relation to federal home loan bank.
• §31-12-4 Joint offices, etc., with federal savings and loan association.
• §31-12-5 Conversion of state building and loan associations, etc., into federal savings and loan associations; effect.
• §16731-13-1to31-13-13 Repealed
• §31-14-1 Short title; definitions.
• §31-14-2 Incorporators; purposes; agreement of incorporation.
• §31-14-3 Authorized capital stock; description of shares; consideration for sale of shares.
• §31-14-4 Issuance of charter; exemption from license tax.
• §31-14-5 Corporate powers.
• §31-14-6 Board of directors; officers.
• §31-14-7 Financial institutions as members of corporation; loans to corporation by members.
• §31-14-8 Powers of stockholders and members; voting.
• §31-14-8a Statewide corporation; economic regions created; loan committees.
• §31-14-9 Purchase of securities and stock by other corporations, fiduciaries and financial institutions.
• §31-14-10 Creation of surplus from annual net earnings.
• §31-14-11 Corporation not to receive deposits; designation of depository bank.
• §31-14-12 Examination by and reports to banking commissioner.
• §31-14-13 Exemption from payment of business and occupation taxes; treatment as banking institution for purposes of property taxation.
• §31-14-14 Amendment of charter.
• §31-14-15 Applicability of general corporation law.
• §31-14-16 Severability of provisions.
• §31-15-1 Short title.
• §31-15-2 Legislative findings.
• §31-15-3 Purposes of article.
• §31-15-3a West Virginia industry and jobs development corporation abolished; establishment of economic development authority as successor to corporation.
• §31-15-4 Definitions.
• §31-15-5 West Virginia economic development authority; composition; appointment; terms; delegation of authority by chairman; voting; compensation and expenses.
• §31-15-6 General powers of authority.
• §31-15-6a Special power of authority to transfer funds; limitations; fund created; use of funds to provide customized job training program by governor's office of economic and community developmen
• §31-15-6b Special power of authority to issue bonds or notes to repay and refinance capital investment of investment management board in regional jail and correctional facility authority; authorizing
• §31-15-6c Neighborhood Housing and Economic Development Stabilization Program; authority to contract with Housing Development Fund; funding.
• §31-15-7 Loans to industrial development agencies or enterprises for projects.
• §31-15-7a Repealed
• §31-15-7b Repealed
• §31-15-7c Repealed
• §31-15-7d Repealed
• §31-15-7e Repealed
• §31-15-7f Repealed
• §31-15-7g Repealed
• §31-15-7h Repealed
• §31-15-7i Repealed
• §31-15-7j Repealed
• §31-15-7k Repealed
• §31-15-7l Repealed
• §31-15-7m Repealed
• §31-15-7n Repealed
• §31-15-7o Repealed
• §31-15-7p Repealed
• §31-15-7q Repealed
• §31-15-7r Repealed
• §31-15-8 Insurance fund.
• §31-15-8a Repealed
• §31-15-9 Bonds and notes issued pursuant to this article.
• §31-15-10 Approval by authority.
• §31-15-11 Trustee for bondholders; contents of trust agreement; pledge or assignment of revenues.
• §31-15-12 Use of funds by authority; restrictions thereon relating to projects.
• §31-15-12a Horseshoe pitcher's hall of fame.
• §31-15-13 Refunding bonds or notes.
• §31-15-14 Obligations of authority undertaken pursuant to this article not debt of state, county, municipality or any political subdivision.
• §31-15-15 Negotiability of bonds and notes issued pursuant to this article.
• §31-15-16 Bonds and notes issued pursuant to this article; legal investments.
• §31-15-16a Bonds for capital improvements at institutions of higher education, state parks, the state capitol complex, other state facilities or tourism sites; limitations; authority to issue revenue
• §31-15-17 Exemption from taxation.
• §31-15-18 Personal liability; persons executing bonds or notes issued pursuant to this article.
• §31-15-19 Cumulative authority as to powers conferred; applicability of other statutes and charters; bonds and notes issued pursuant to this article.
• §31-15-20 Authority of the board of investments.
• §31-15-21 Loan and insurance application requirements.
• §31-15-22 Documentary materials concerning trade secrets; commercial or financial information; or confidentiality.
• §31-15-23 Economic development fund.
• §31-15-24 Transfer of state property to the authority.
• §31-15-25 Validity of any pledge, mortgage, deed of trust or security instrument.
• §31-15-26 Money of the authority.
• §31-15-27 Conflict of interest; when contracts void.
• §31-15-28 Agreement with federal agencies not to alter or limit powers of authority.
• §31-15-29 Audits.
• §31-15-30 Projects not to be considered public improvements.
• §31-15-31 Foreign trade zones; authority approval.
• §31-15-32 Severability.
• §31-15-33 Construction.
• §31-15A-1 Short title.
• §31-15A-2 Definitions.
• §31-15A-3 West Virginia Infrastructure and Jobs Development Council continued; members of council; staff of council.
• §31-15A-4 Development of guidelines and preliminary application for funding assistance.
• §31-15A-5 Requirements for project funding assistance; review of project preliminary applications by council.
• §31-15A-6 Powers, duties and responsibilities of the council generally; comprehensive assessment.
• §31-15A-7 Current and prospective planning; roads and highways; report to division of highways.
• §31-15A-8 Exemption of certain emergency projects from certificate of public convenience and necessity requirements; review of certain emergency projects by public service commission; and exemption f
• §31-15A-10 Recommendations by council for expenditures of funds by loan, grant or for engineering assistance.
• §31-15A-11 Reservation of funds for projects and infrastructure projects.
• §31-15A-12 Additional powers of water development authority.
• §31-15A-13 Prohibition on funds inuring to the benefit of or being distributable to water development board; transactions between the water development board and officers having certain interests i
• §31-15A-14 Termination or dissolution.
• §31-15A-15 Projects not to be considered public improvements; competitive bid requirements.
• §31-15A-16 Dedication of severance tax proceeds.
• §31-15A-17 Water development authority empowered to issue infrastructure revenue bonds and refunding bonds; creation of infrastructure revenue debt service fund; funding of infrastructure revenue d
• §31-15A-17a Infrastructure revenue bonds payable from A. James Manchin Fund.
• §31-15A-18 Trustee for holders of infrastructure revenue bonds; contents of trust agreement.
• §31-15A-19 Legal remedies of infrastructure revenue bondholders or noteholders and trustees.
• §31-15A-20 Infrastructure revenue bonds lawful investments.
• §31-15A-21 Purchase and cancellation of infrastructure revenue bonds.
• §31-15A-22 Refunding revenue bonds.
• §31-15A-23 Infrastructure revenue bonds not debt of state, county, municipality or any political subdivision.
• §31-15A-24 Infrastructure revenue bonds exempt from taxation.
• §31-15B-1 Definitions.
• §31-15B-2 Infrastructure general obligation bonds; amount; when may issue.
• §31-15B-3 Creation of debt service fund; disbursements to pay debt service on infrastructure general obligation bonds.
• §31-15B-4 Infrastructure general obligation debt service fund; sources used to pay bonds and interest; investment of remainder.
• §31-15B-5 Covenants of state.
• §31-15B-6 Sale by governor; minimum price.
• §31-15B-7 Prohibition on funds inuring to the benefit of or being distributable to directors or officers; transactions between the council and West Virginia water development authority and directors
• §31-15B-8 Infrastructure bonds lawful investments.
• §31-15B-9 Refunding bonds.
• §31-15B-10 Termination or dissolution.
• §31-15B-12 Governor to determine bond counsel.
• §31-15B-13 Approval and payment of all necessary expenses.
• §31-15C-1 Legislative findings and purpose.
• §31-15C-2 Definitions.
• §31-15C-3 Broadband Deployment Council established; members of council; administrative support.
• §31-15C-4 Powers and duties of the council generally.
• §31-15C-5 Creation of the Broadband Deployment Fund.
• §31-15C-6 Categorization of areas within state for broadband deployment purposes.
• §31-15C-7 Retention of outside expert consultant.
• §31-15C-8 Stimulation of demand through public outreach and education.
• §31-15C-9 Development of guidelines and application for funding assistance; emergency rule-making authority.
• §31-15C-10 Requirements for project funding assistance; review of project application by council; competitive applications.
• §31-15C-11 Required reporting by state entities.
• §31-15C-12 Limitation of liability.
• §31-15C-13 Protection of proprietary business information.
• §31-15C-14 Expiration of council.
• §31-16-1 Legislative intent; purpose and administration.
• §31-16-2 Steel advisory commission; membership, appointment, terms, quorum and selection of officers.
• §31-16-3 General powers of the commission.
• §31-16-4 Steel futures program.
• §31-16-5 Continuation of commission and program.
• §31-17-1 Definitions and general provisions.
• §31-17-2 License required for lender and broker originator; exemptions.
• §31-17-3 Supervision by Commissioner of Banking; rules and regulations; personnel; participation in the Nationwide Mortgage Licensing System and Registry.
• §31-17-4 Applications for licenses; requirements; bonds; fees; renewals; waivers and reductions; per loan fee.
• §31-17-5 Refusal or issuance of license.
• §31-17-6 Minimum net worth to be maintained; bond to be kept in full force and effect; foreign corporation to remain qualified to do business in this state.
• §31-17-7 License not transferable or assignable; license may not be franchised; renewal of license.
• §31-17-8 Maximum interest rate on subordinate loans; prepayment rebate; maximum points, fees and charges; overriding of federal limitations; limitations on lien documents; prohibitions on primary and
• §31-17-9 Disclosure; closing statements; other records required; record-keeping requirements.
• §31-17-10 Advertising requirements.
• §31-17-11 Records and reports; examination of records; analysis.
• §31-17-12 Grounds for suspension or revocation of license; suspension and revocation generally; reinstatement or new license.
• §31-17-13 Notice of refusal, or suspension or revocation, of license; relinquishing license.
• §31-17-14 Hearing before commissioner; provisions pertaining to hearing.
• §31-17-15 Judicial review.
• §31-17-16 Actions to enjoin violations.
• §31-17-17 Loans made in violation of this article void; agreements to waive article void.
• §31-17-18 Violations and penalties.
• §31-17-19 Severability.
• §31-17-20 Effective date.
• §31-17A-1 Purpose.
• §31-17A-2 Definitions.
• §31-17A-3 License and registration required.
• §31-17A-4 State license application and issuance.
• §31-17A-5 Issuance of license.
• §31-17A-6 Prelicensing and relicensing education of loan originators.
• §31-17A-7 Testing of loan originators.
• §31-17A-8 Standards for license renewal.
• §31-17A-9 Continuing education for mortgage loan originators.
• §31-17A-10 Authority to require license.
• §31-17A-11 Nationwide Mortgage Licensing System and Registry information challenge process.
• §31-17A-12 Enforcement authorities, violations and penalties.
• §31-17A-13 Surety bond required.
• §31-17A-14 Confidentiality.
• §31-17A-15 Investigation and examination authority.
• §31-17A-16 Prohibited acts and practices.
• §31-17A-17 Report to mortgage licensing system and registry.
• §31-17A-18 Unique identifier shown.
• §31-17A-19 Severability.
• §31-17A-20 Effective date.
• §31-18-1 Short title.
• §31-18-2 Legislative findings and purpose.
• §31-18-3 Definitions.
• §31-18-4 Composition; board of directors; appointment, term, etc., of private members; chairman and vice chairman; quorum.
• §31-18-5 Management and control of Housing Development Fund vested in board; officers; liability.
• §31-18-6 Corporate powers.
• §31-18-6a Certain loans exempt from laws limiting interest rates or providing forfeitures, etc.
• §31-18-7 Notes or bonds as general obligations of housing development fund.
• §31-18-8 Notes and bonds as negotiable instruments.
• §31-18-9 Borrowing of money.
• §31-18-10 Sale of notes or bonds.
• §31-18-11 Authorizing resolutions.
• §31-18-12 Validity of any pledge, mortgage, deed of trust or security instrument.
• §31-18-13 Redemption of notes or bonds.
• §31-18-14 Disclaimer of any liability of state of West Virginia.
• §31-18-15 Limitation of rights vested in housing development fund by state.
• §31-18-16 Default in payment of principal or interest.
• §31-18-17 Investment in notes and bonds.
• §31-18-18 Tax exemption.
• §31-18-19 Operating loan fund.
• §31-18-20 Authorized limit on borrowing.
• §31-18-20a Land development fund.
• §31-18-20b Mortgage finance bond insurance fund.
• §31-18-20c Jobs development fund.
• §31-18-21 Prohibition on funds inuring to the benefit of or being distributable to directors, officers or private persons; transactions between the housing development fund and directors or officers
• §31-18-22 Termination or dissolution.
• §31-18-23 Services to the state of West Virginia and its political subdivisions.
• §31-18-23a Bond issues under the Federal Revenue Adjustments Act of 1980.
• §31-18-24 Annual audit; reports to joint committee on government and finance; information to joint committee or legislative auditor.
• §31-18-25 Severability clause.
• §31-18-26 Projects not to be deemed public improvements.
• §31-18-27 Documentary materials concerning trade secrets; commercial, financial, or personal information; confidentiality.
• §31-18A-1 Short title.
• §31-18A-2 Legislative findings; declaration of policy and responsibility; purpose and intent of article.
• §31-18A-3 Definitions.
• §31-18A-4 Administration of revolving loan fund by West Virginia housing development fund.
• §31-18A-5 Powers and duties of housing development fund regarding revolving loan fund.
• §31-18A-6 Revolving loan fund created; purpose; investment of funds; loan agreements; expenditures.
• §31-18A-7 Terms and conditions of loans from revolving loan fund.
• §31-18A-8 Prohibition on funds inuring to the benefit of or being distributable to the directors or officers.
• §31-18A-9 Termination or dissolution.
• §31-18A-10 Annual audit.
• §31-18A-11 Severability clause.
• §31-18B-1 Legislative intent.
• §31-18B-2 Establishment of state mortgage and industrial development investment pool; investment of workers' compensation funds and other funds in such pool; schedule of moneys invested; author
• §31-18B-3 Housing development fund to make available state mortgage and industrial development investment pool funds for mortgages on single-family residential units; limitations upon type and size
• §31-18B-4 West Virginia economic development authority to make available state mortgage and industrial development investment pool funds for investment in industrial development; amount of funds av
• §31-18B-5 Reversion to state board of investments of money not used for mortgages.
• §31-18B-6 Interest rate charged by housing development fund; other charges; points .
• §31-18B-7 Term of mortgage loans; renegotiation after ten years; promulgation of legislative rules.
• §31-18B-8 Persons eligible for loans from the state mortgage and industrial development investment pool; housing development fund to have sole discretion in determining who is to receive loans; dis
• §31-18B-9 Housing development fund may contract with private institutions to place and service loans or may itself provide such servicing; increasing interest rate and payment of a portion of inter
• §31-18B-10 Disposition of interest income and repayments of principal.
• §31-18B-11 Procedural rules required.
• §31-18B-12 Rules of construction and interpretation for prompt implementation of this article.
• §31-18C-1 Short title.
• §31-18C-2 Legislative findings; purpose and intent of article.
• §31-18C-3 Definitions.
• §31-18C-4 Veterans' mortgage fund created; purpose.
• §31-18C-5 Money and interests included in the veterans' mortgage fund.
• §31-18C-6 Veterans' mortgage bonds; amount; terms of bonds; when may issue.
• §31-18C-7 Pledge of credit of state and security for bonds.
• §31-18C-8 Legality for investment; tax exemption.
• §31-18C-9 Listing by auditor; agent for registration.
• §31-18C-10 Veterans' loan payments used to pay bonds and interest; investment of remainder.
• §31-18C-11 Sale by governor; minimum price.
• §31-18C-12 Auditor to be custodian of unsold bonds.
• §31-18C-13 Bond counsel and financial advisor.
• §31-18C-14 Approval and payment of all necessary expenses.
• §31-18C-15 Administration of veterans' mortgage fund program by West Virginia housing development fund.
• §31-18C-16 Powers and duties of housing development fund regarding veterans' mortgage fund.
• §31-18C-17 Terms and conditions of loans from veterans' mortgage fund.
• §31-18C-18 Prohibition of funds inuring to the benefit of or being distributable to the directors or officers.
• §31-18C-19 Annual audit.
• §31-18D-1 Short title.
• §31-18D-2 Legislative finding and purpose.
• §31-18D-3 Definitions.
• §31-18D-4 Affordable housing trust fund.
• §31-18D-5 Housing Trust Fund Board of Directors.
• §31-18D-6 Powers and responsibilities of the Board.
• §31-18D-7 Eligible activities; eligible organizations.
• §31-18D-8 Corporate powers.
• §31-18D-9 Applications and selection criteria.
• §31-18D-10 Documentary materials concerning financial or personal information; confidentiality.
• §31-18D-11 Conflicts.
• §31-18D-12 Tax exemption.
• §31-18D-13 Annual report.
• §31-18D-14 Exemption from certain requirements; audit.
• §31-18D-15 Dissolution or liquidation of trust fund.
• §31-19-1 Short title.
• §31-19-2 Legislative findings and purposes.
• §31-19-3 Definitions.
• §31-19-4 West Virginia community infrastructure authority created; West Virginia community infrastructure board created; organization of authority and board; appointment of board members; their term o
• §31-19-5 Authority may finance community infrastructure projects; loans to or bond purchases from counties and municipalities shall be subject to terms of loan or bond purchase agreements.
• §31-19-6 Powers, duties and responsibilities of the authority generally.
• §31-19-7 Authority empowered to issue community infrastructure revenue bonds, renewal notes and refunding bonds; requirements and manner of such issuance.
• §31-19-8 Trustee for bondholders; contents of trust agreement.
• §31-19-9 Legal remedies of bondholders and trustees.
• §31-19-10 Bonds and notes not debt of state, county, or municipality; expenses incurred pursuant to article.
• §31-19-11 Use of funds by authority; restrictions thereon.
• §31-19-12 Investment of funds by authority.
• §31-19-13 Reports by authority to governor and Legislature.
• §31-19-14 Community infrastructure bonds lawful investments.
• §31-19-15 Purchase and cancellation of notes or bonds.
• §31-19-16 Refunding bonds.
• §31-19-17 Exemption from taxation.
• §31-19-18 Financial interests in contracts prohibited; penalty.
• §31-19-19 Meetings and records of authority to be kept public.
• §31-19-20 Liberal construction of article.
• §31-19-21 Severability.
• §31-20-1 Short title.
• §31-20-1a Legislative findings and purposes.
• §31-20-2 Definitions.
• §31-20-3 West Virginia regional jail and correctional facility authority; composition; appointment; terms; compensation and expenses.
• §31-20-4 Governing body; organization and meetings; quorum; administrative expenses.
• §31-20-5 Powers and duties of the authority; bidding procedures.
• §31-20-5a Bidding procedures.
• §31-20-5b Prohibition against use or possession of tobacco products by inmates held by regional facility authority in regional jails operated solely by the authority; authorization to establish smokin
• §31-20-5d Good time credit.
• §31-20-5e Monitoring of inmate telephone calls; procedures and restrictions; attorney-client privilege protected and exempted.
• §31-20-5f Charges assessed against inmates for services provided by the authority.
• §31-20-6 Repealed
• §31-20-7 Repealed
• §31-20-8 Jail facilities standards commission; appointment; compensation; vacancies; quorum.
• §31-20-8a Juvenile facilities standards commission; appointment; compensation; vacancies; quorum.
• §31-20-9 Jail facilities standards commission; purpose, powers and duties.
• §31-20-9a Juvenile facilities standards commission; purpose; powers; and duties.
• §31-20-10 Regional jail and correctional facility authority funds.
• §31-20-10a Criteria and procedures for determining the cost per day for inmates incarcerated in facilities operated by the authority and allocating cost.
• §31-20-10b Regional Jail Operations Partial Reimbursement Fund.
• §31-20-11 Borrowing of money.
• §31-20-12 Notes, security interests and bonds as general obligations of authority.
• §31-20-13 Notes, security interests and bonds as negotiable instruments.
• §31-20-14 Authorizing resolutions.
• §31-20-15 Redemption of notes, security interests or bonds.
• §31-20-16 Disclaimer of any liability of state of West Virginia.
• §31-20-17 Default in payment of principal or interest.
• §31-20-18 Investment in notes, security interests and bonds.
• §31-20-19 Tax exemption.
• §31-20-20 Authorized limit on borrowing.
• §31-20-21 Validity of any pledge, mortgage, deed of trust or security instrument.
• §31-20-22 Money of the authority.
• §31-20-23 Conflict of interest; when contracts void.
• §31-20-24 Agreement with federal agencies not to alter or limit powers of authority.
• §31-20-25 Repealed
• §31-20-26 Legislative oversight committee.
• §31-20-27 Employees of Regional Jail Authority; priority of hiring; civil service coverage.
• §31-20-27a Regional jail employees right to carry firearm; arrest authority of correctional officers.
• §31-20-28 Limitations on contracts for sale of bonds or other securities.
• §31-20-29 Furlough program.
• §31-20-30 Limitation on reimbursement rate to medical service providers for services outside regional jail facilities.
• §31-20-31 Work program.
• §31-20-32 Jail processing fee.