What is the purpose of the aggregate assessment amount?

The purpose of the aggregate assessment amount is to determine total fees based on a formula set by the commission. This assessment is designed to evaluate the financial needs of the regulatory framework overseeing psychology practices within the state. By using a formula established by the commission, the aggregate assessment incorporates various factors like operational costs, regulatory needs, and resource allocation.

In this context, the aggregate assessment amount is crucial because it ensures that funding is effectively distributed among the necessary regulatory activities, thereby maintaining the integrity and standards of the psychology profession. Understanding this helps clarify the financial structures in place for professional governance and accountability.