(a) The Commissioner of State Lands may by rule:
(1) Establish a schedule of rates, fees, and charges for the deeds produced and filed or services performed in carrying out the established duties and authority of the office of the Commissioner of State Lands; and
(2) Revise the rates, fees, and charges to ensure that the revenues from the rates, fees, and charges together with other available funds shall be sufficient to cover the costs of the various deeds produced or filed and services performed in carrying out the established duties and authority of the office of the Commissioner of State Lands.
(b)
(1) A fee under this section shall not be established in an amount that exceeds the costs expended by the Commissioner of State Lands in producing or filing deeds or performing services.
(2) As used in subdivision (b)(1) of this section, “costs” means the actual costs expended by the Commissioner of State Lands plus three percent (3%) of the actual costs expended by the Commissioner of State Lands.
(c) All rates, fees, and charges collected by the Commissioner of State Lands shall be deposited into a financial institution in the state.