(1) The State Conciliation Service shall maintain a list of qualified arbitrators who may be available to the parties to a labor controversy if the parties so request.
(2) An individual who applies to be included on the list of qualified arbitrators shall pay the State Conciliation Service an application fee of $100. A qualified arbitrator who is included on the list shall pay the State Conciliation Service an annual fee of $150 to remain on the list.
(3) Fees received by the State Conciliation Service under this section shall be deposited to the credit of the Employment Relations Board Administrative Account.