The fee to be paid by an applicant for an Board of Barber Examiners shall promulgate rules, in accordance with chapter 1-26, to set the following fees, which may not exceed the amounts specified: (1) An examination to determine the an applicant's fitness to receive a certificate of registration to practice barbering may not exceed one hundred dollars and for the issuance of the certificate, may not exceed fifty three hundred dollars. All fees shall be set by the board by rules promulgated pursuant to chapter 1-26. For the; (2) The annual renewal of a certificate of registration to practice barbering, no more than eighty three hundred dollars, and for the; (3) The restoration of an expired certificate, no more than twenty thirty-five dollars, plus no more than fifteen twenty-five dollars penalty for each expired year. The fee to be paid for a the certificate is expired; (4) A permit to operate a barber school or college shall be set by rule promulgated pursuant to chapter 1-26 and may not be more than one hundred fifty, six hundred dollars annually; and (5) An annual inspection of a barbershop or barber school, one hundred fifty dollars. 25