(1) There shall be imposed a nonrefundable fee on each notice of intent to issue a private activity bond filed with the division pursuant to s. 159.8051. A notice of intent to issue may not be accepted by the division unless and until the fee has been paid. The fee, which may be revised from time to time, must be an amount sufficient to cover all expenses of maintaining the allocation system in this part. The amount of the fee may not exceed $500 and may be adjusted no more than once every 6 months. The fee must be included 1in the division’s schedule of fees and expenses in s. 215.65(3). (2) This section shall take effect July 1, 1985, and shall apply to any notice of intent to issue received by the division on or after said date.
