| | | A. To provide for the balance of the reasonable expenses | | incurred to fulfill the bureau's duty pursuant to this | | Title, including general regulatory costs, overhead, | | transportation and general office and administrative | | expenses, the superintendent shall assess each financial | | institution under the superintendent's supervision at the | | annual rate of at least 6¢ for each $1,000 of the total of | | average assets, as defined by the superintendent. The | | frequency of assessment may coincide with the frequency of | | filing periodic financial reports with the bureau but may | | not be more frequent than quarterly. The superintendent may | | raise the minimum assessment rate of 6¢ for each $1,000 of | | the total of average assets by promulgating rules pursuant | | to section 251 at such time as economic conditions warrant | such an increase. In no event may the semiannual | | be less than $25. |
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| | | B. An assessment pursuant to paragraph A may be made on or | | before the assessment date for the period prescribed as | | follows: |
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| | | | | | Period ending | Assessment date |
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| | | Quarterly | | March 31st | May 1st |
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| | | | | | September 30th | November 1st |
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| | | | | | December 31st | February 1st |
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| | | Semiannually | June 30th | August 1st |
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| | | | | | December 31st | February 1st |
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| | The superintendent shall immediately | | institution of the assessment. The assessment must be paid | | to the Treasurer of State within 10 days following the | | assessment date. |
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| | | Sec. 7. 9-B MRSA §214, sub-§2-B, as amended by PL 2001, c. 211, §3, is | | further amended to read: |
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| | | 2-B. Assessment on nondepository trust companies. | | Nondepository trust companies that are not affiliated with a | financial institution shall pay an annual | | annual rate of not less than $2,000 or an amount determined by | | the superintendent of at least 6¢ for every $10,000 of fiduciary | | assets under its management, custody or care. The superintendent | | may further define by rule fiduciary assets under management, | | custody or care or change the minimum assessment whenever | | economic conditions warrant such a change. Rules adopted | | pursuant to this subsection are routine technical rules as | defined in Title 5, chapter 375, subchapter II-A |
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