(1) Each CMRS provider shall act as a collection agent for the CMRS Fund and shall,
as part of the provider's normal monthly billing process, collect the CMRS service
charges levied upon CMRS connections pursuant to Section 19-5-333(2)(a) from each CMRS connection to whom the billing provider provides CMRS service and
shall, not later than thirty (30) days after the end of the calendar month in which
such CMRS service charges are collected, remit to the board the net CMRS service charges
so collected after deducting the fee authorized by subsection (2) of this section. Each billing provider shall list the CMRS service charge as a separate entry on
each bill which includes a CMRS service charge.
(2) Each CMRS provider shall be entitled to deduct and retain from the CMRS service
charges collected by such provider during each calendar month an amount not to exceed
one percent (1%) of the gross aggregate amount of such CMRS service charges so collected
as reimbursement for the costs incurred by such provider in collecting, handling and
processing such CMRS service charges.
(3) The board shall be entitled to retain from the CMRS service charges collected
during each calendar month an amount not to exceed two percent (2%) of the money allocated
to the CMRS Fund as reimbursement for the costs incurred by the board in administering
Sections 19-5-331 through 19-5-341 including, but not limited to, retaining and paying the independent, third-party
auditor to review and disburse the cost recovery funds and to prepare the reports
contemplated by Sections 19-5-331 through 19-5-341.
(4) Each CMRS provider shall register with the CMRS Board and shall provide the following
information upon registration:
(a) The company name of the provider;
(b) The marketing name of the provider;
(c) The publicly traded name of the provider;
(d) The physical address of the company headquarters and of the main office located
in the State of Mississippi; and
(e) The names and addresses of the providers' board of directors/owners.
Each CMRS provider shall notify the board of any change in the information prescribed
in paragraphs (a) through (e). The board may suspend the disbursement of cost recovery funds to, and may impose
an administrative fine in an amount not to exceed Ten Thousand Dollars ($10,000.00)
on any provider which fails to comply with the provisions of this subsection.
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