Raise fine collected by the first lady (5)
I believe the answer is:
evoke
'raise' is the definition.
(I know that raise can be written as evoke)
'fine collected by the first lady' is the wordplay.
'fine' becomes 'ok' (synonyms).
'collected by' is an insertion indicator.
'the first lady' becomes 'eve' (first woman in the Bible).
'ok' put inside 'eve' is 'EVOKE'.
(Other definitions for evoke that I've seen before include "Awaken memories in the mind" , "Draw forth (memories)" , "Bring (a thing) to mind" , "Call up; elicit" , "Call up (memories, for instance)" .)