15-31-804. Revenue audits -- charges. (1) The department shall conduct an annual audit of a foreign capital depository to verify that internal financial records of the depository comply with state law and regulations pertaining to the depository and that fees owed to the state have been properly calculated and paid on time.
     (2) A depository shall pay to the department the cost of an annual audit provided for in subsection (1).
     (3) The department may charge the depository up to $400 a day for each auditor involved in the conduct of an audit.

     History: En. Sec. 59, Ch. 382, L. 1997.