15-31-803. (Temporary) State revenue -- assessment -- collection -- distribution. (1) A foreign capital depository shall pay to the department on June 15 and December 15 of each year a fee that is equal to 0.75% of the total value of assets on deposit or in a safe deposit box. The total annual rate of assessment is 1.5%.
     (2) The basis of the value ascribed to each asset is:
     (a) the U.S. dollar exchange value of the currency on deposit on the date of assessment;
     (b) the spot market price of the platinum, palladium, gold, or silver held in precious metals accounts, as defined in 32-8-402, as published in The Wall Street Journal on the date of assessment; or
     (c) the market value of other tangible personal property held in safe deposit boxes or other accounts at the time of the assessment, as determined by the depository using a method approved by the department. The depository shall submit to the department within 60 days of the appraisal a report that documents the method and calculations of the appraisal.
     (3) The semiannual assessment fee must be deposited into the general fund. (Terminates September 30, 2012--sec. 90, Ch. 382, L. 1997.)

     History: En. Sec. 58, Ch. 382, L. 1997.