(a) A five-dollar ($5.00) fee shall be charged to the buyer of each item at an auto auction that is sold on a certificate of title that is labeled "salvage" or "parts-only".
(b) The fee is special revenue and shall be deposited into the State Treasury.
(c) The Treasurer of State shall transfer the special revenues received under this section on the last business day of each month as follows:
(1) Fifty percent (50%) for the Arkansas Department of Environmental Quality to be used for inspection and oversight of auto auctions to enforce all laws and rules administered by the Arkansas Department of Environmental Quality; and
(2) Fifty percent (50%) for the Department of Arkansas State Police to be used for inspection and oversight of auto auctions.
Section: Previous 23-112-602 23-112-603 23-112-604 23-112-605 23-112-606 23-112-607 23-112-608 23-112-609 23-112-610 23-112-611 23-112-613 23-112-614 23-112-617 NextLast modified: November 15, 2016