Section 120. Fees

Arbitrators shall be paid at the rate of no more than $250 per hour. Expenses of the arbitrator incurred during the course of the arbitration shall be reimbursed in accordance with the State Travel Regulations prescribed by the Department of Accounts. Arbitrators shall submit a complete W-9 form to the department before payment is made.

Pursuant to § 45.1-361.22:1 F of the Code of Virginia, payment of fees and expenses of the arbitration may be delayed if there are intervening disbursements from the general escrow account under subdivision 5 (i) or (iii) of § 45.1-361.22 of the Code of Virginia that reduce the interest balance below the amount of fees and expenses requested.

Historical Notes

Derived from Volume 30, Issue 06, eff. December 19, 2013.

Statutory Authority

§§ 45.1-361.15 and 45.1-361.22:1 of the Code of Virginia.