§ 4407. Examinations; expenses. (a) The expenses of every examination
of the affairs of any employee welfare fund, including any appraisal of
an interest in real property, made pursuant to any provision of this
chapter, shall be paid by the employee welfare fund examined.

(b) For any such examination by the superintendent or a deputy
superintendent personally, the charge shall be only for necessary
travelling expenses and other actual expenses. In all other cases the
expenses of examination shall also include reimbursement for the
compensation paid for the services of persons employed by the
superintendent or by his authority to make such examination or
appraisal.

(c) Notwithstanding the provisions of subsection (a) or (b) hereof:

(1) funds with contributions of less than thirty thousand dollars, as
reported in the annual statement filed with the superintendent for the
latest fiscal year covered by the examination, the charge shall not
exceed three hundred dollars;

(2) funds with contributions between thirty thousand dollars and one
hundred fifty thousand dollars the charge shall not exceed one percent
of such contributions;

(3) the superintendent, with the approval of the comptroller, may in
his discretion for good cause shown remit or reduce such charges.

(d) All charges, including necessary travelling and other actual
expenses, as audited and paid by the comptroller to the persons making
the examination or appraisal, shall be presented to the trustees of the
employee welfare fund in the form of a copy of the itemized bill as
certified and approved by the superintendent or by any deputy
superintendent or authorized employee of the department. Upon receiving
such certified copy, such trustees shall pay the amount thereof to the
superintendent, to be paid by him into the state treasury.