Rule 22-205. Examination and certification fees.

A. Exam fee. Prior to the taking of any examination administered by the board, the applicant shall pay the appropriate examination fee fixed by the board and approved by the Supreme Court. B. Annual fee. Every New Mexico certified court reporter or court monitor shall pay an annual renewal certification fee in an amount to be fixed by the board and approved by the Supreme Court. C. Fines. Every New Mexico certified court reporter or certified court monitor shall pay any fines assessed by the board before certification or renewal shall be granted. The board may suspend the license of any court reporter or court monitor who fails to pay a fine within the time ordered by the board. D. Annual fee; firm license. Every New Mexico firm engaging in the business of court reporting as described in Rule 22-202 NMRA shall pay an annual renewal registration fee in an amount to be fixed by the board and approved by the Supreme Court. E. Time of payment. All examination and certification and registration fees shall be paid within the times and at the place designated by the board. F. Deposit of funds. All funds of the board shall be deposited in an interest-bearing account in the name of the board. All financial obligations of the board over five hundred dollars ($500) will be approved, prior to payment, by the signature of the chairperson or the vice chairperson of the board on the request for payment form. G. Budget. The board shall submit on or before November 1 of each year to the Supreme Court a proposed budget for the ensuing fiscal year. The budget shall be for a fiscal year beginning January 1 and ending December 31 of the same year. H. Audit. The board shall submit on or before August 1 of each year to the Supreme Court an audit of all funds received and disbursed during the prior fiscal year.