Under what condition can the Board raise fees, fines, and penalties?

The correct response is based on the principle that the Board must ensure its financial sustainability and operational viability. If the revenues generated from fees, fines, and penalties fail to meet the necessary expenditures over a consecutive two-year period, the Board has the authority to raise these financial obligations to secure adequate funding for its activities. This condition is important because it allows the Board to manage its budget effectively and ensures that it can continue to fulfill its regulatory responsibilities without running into financial shortfalls.

Other options do not provide a solid regulatory foundation for fee adjustments. For instance, raising fees solely upon public requests lacks a structured financial rationale and could lead to unpredictable revenue streams. Similarly, introducing new regulations does not inherently necessitate an increase in fees or fines unless there is a direct financial impact. A unanimous vote by the Board for such adjustments is also impractical and unlikely to reflect the ongoing financial needs over time. Therefore, the most logical and justifiable condition for the Board to raise fees, fines, and penalties is when there is a persistent gap between revenue and expenditure over a defined period.