§ 118. Fees. The supervising agency, the local legislative body and
the planning commission, if any, may each adopt a reasonable schedule of
fees to be paid by redevelopment companies upon the filing with said
supervising agency, local legislative body or planning commission of a
plan, plans for a project or projects, amendments thereto and other
instruments in connection therewith and redevelopment companies shall
pay reasonable fees to the said supervising agency as said agency shall
prescribe for processing a redevelopment plan and for the supervision of
construction and for the audit, regulation and general supervision of
the management of the company, which fees shall be set aside in a
separate account and shall be used to pay for the expenses of
administering and carrying out the provisions of the redevelopment
companies law.