31-1-706. License renewal fee. (1) A person licensed under 31-1-705 shall pay, on or before December 1 of each year, a license renewal fee of $500 for each license that the person holds under this part.
     (2) Failure to pay any yearly license renewal fee required by this section within the time prescribed will result in the automatic revocation of the license subject to renewal.

     History: En. Sec. 4, Ch. 81, L. 2001; amd. Sec. 5, Ch. 451, L. 2007.