(A) Fees for PA licensure are established as follows:
(1) initial licensing fee, not to exceed five hundred dollars;
(2) renewal of license fee, not to exceed one hundred fifty dollars;
(3) late renewal fee, not to exceed the renewal fee doubled; and
(4) reactivation application fee, not to exceed two hundred dollars.
(B) Fees may be adjusted biennially pursuant to Section 40-1-50 to ensure that they are sufficient but not excessive to cover expenses including the total of the direct and indirect costs to the State for the operations of the committee.