Virginia Code 56-508.16: Commission authorized to promulgate regulations
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A. The State Corporation Commission may promulgate regulations necessary to implement the provisions of this chapter.
Terms Used In Virginia Code 56-508.16
- Commission: means the State Corporation Commission. See Virginia Code 56-1
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Rate: means rate charged for any service rendered or to be rendered. See Virginia Code 56-1
- State: when applied to a part of the United States, includes any of the 50 states, the District of Columbia, the Commonwealth of Puerto Rico, Guam, the Northern Mariana Islands, and the United States Virgin Islands. See Virginia Code 1-245
B. Without limiting the Commission’s authority to promulgate other necessary regulations, the Commission’s regulations implementing this chapter may, among other things, authorize the Commission:
1. To levy and collect reasonable registration or other fees;
2. To establish service and rate criteria for registered or certificated persons; and
3. To suspend or revoke registration, or to levy fines or impose other sanctions, for failure to comply with such regulations.
1993, c. 140.