(a) (1) The Board shall set fees for the issuance and renewal of licenses under the Interstate Medical Licensure Compact established under § 14-3A-01 of this subtitle.

(2) The fees charged to a compact physician under paragraph (1) of this subsection shall be set so as to produce funds adequate to cover the cost of maintaining the licensure program.

(b) Any annual assessment levied by the Interstate Commission under Section 13(a) of the Interstate Medical Licensure Compact established under § 14-3A-01 of this subtitle shall be funded through an additional surcharge on:

(1) Each compact physician licensed under Section 3 of the Interstate Medical Licensure Compact established under § 14-3A-01 of this subtitle; and

(2) Physicians who designate Maryland as the physician’s state of principal license under Section 4 of the Interstate Medical Licensure Compact established under § 14-3A-01 of this subtitle.