The Board shall set reasonable fees for the issuance of and renewal of licenses and other services it provides to electrologists. The fees charged shall be set so as to produce funds to approximate the cost of maintaining the licensure and the other services provided to electrologists. The Board shall pay all fees collected under the provisions of this subtitle to the Comptroller of the State. The Comptroller shall distribute all fees to the Board. The fees shall be used to cover the actual documented direct and indirect costs of fulfilling the statutory and regulatory duties of the Board as provided by the provisions of this subtitle.