(1) The board is empowered to prescribe and publish reasonable fees for the following purposes: Application fee which is nonrefundable;
(2) Initial license fee;
(3) Renewal of license fee;
(4) Late renewal fee;
(5) Limited permit fee;
(6) Reinstatement of license fee;
(7) Inactive license fee.
(8) Such fees shall be commensurate to the extent feasible with the cost of fulfilling the duties of the board and council as defined by this chapter; however, no individual fee shall exceed One Hundred Fifty Dollars ($150.00).
(9) Any increase in the fees charged by the board under this section shall be in accordance with the provisions of Section 41-3-65.