(a)  The board is empowered and directed to establish a fee schedule for the application, continuing education, examination, and reexamination of applicants for licensing; provided, that the fee for home inspector and associate home inspector licenses, and all subsequent renewals, shall be two hundred dollars ($200). All licenses issued by the board shall be valid for two (2) years.

(b)  Any fees established, prescribed, or changed by the board shall be to the extent necessary to defray all proper expenses incurred by the board and any staff employed to administer this chapter, except that fees shall not be fixed at a level that will raise revenues in excess of the amount estimated to be so required.

(c)  All fees and fines collected by the board shall be deposited as general revenues until June 30, 2008, and shall be allocated to provide sufficient resources to properly administer this program. Beginning July 1, 2008, all fees and fines collected by the board shall be deposited into a restricted-receipt account and shall be allocated to provide sufficient resources to properly administer this program.