An individual shall pay to the Board within a time set by the Board any administrative monetary penalty imposed under this chapter. The Board shall pay into the General Fund of the State all monies collected under this chapter. If an individual fails to pay, in whole or in part, any penalty imposed by the Board under this chapter, the Board may not restore, reinstate, or renew the license of the individual until the penalty has been paid in full. The Board may refer all cases of delinquent payment to the Central Collection Unit of the Department of Budget and Management to institute and maintain proceedings and ensure prompt payment.