§7329. Investor Protection Fund.
(b) The Investor Protection Fund will be a revolving fund and shall consist of:
(1) Monies transferred to the revolving fund pursuant to court order or judgment, including cost and attorney’s fees, in a securities action brought by the Attorney General or the Securities Commissioner pursuant to this chapter; and
(2) Monies received by the Commissioner pursuant to any settlement agreement.
(c) Any fines, costs or other monies (except those obtained as restitution or rescission) received by the Commissioner as a result of an administrative order (other than a consent order) shall be credited to the General Fund.
(d) If, at the end of any fiscal year, the balance in the Investor Protection Fund exceeds $100,000, the excess shall be withdrawn from the Investor Protection Fund and deposited in the General Fund.
(e) The Attorney General is authorized to expend from the Investor Protection Fund such monies as are necessary for:
(1) The payment of costs, expenses and charges incurred in the preparation, institution and maintenance of administrative and court actions authorized under this chapter;
(2) The payment of costs, expenses and charges incurred in the training and education of Securities Division personnel; and
(3) The payment of costs, expenses and charges incurred in connection with the dissemination of information to the public, to include the costs of printing copies of this statute and the Commissioner’s administrative rules. Monies from the Investor Protection Fund may not be used for any purpose unrelated to the administration or enforcement of this chapter.
(f) The Attorney General and the Securities Commissioner shall provide such reports as to the expenditure of monies from the Investor Protection Fund to the Budget Director and the Controller General, and in such detail as they require.
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