Transfer of funds to auditor; distribution
Sec. 68. (a) The administrator shall transfer the next twenty-five
million dollars ($25,000,000) of the taxes that are collected under
this chapter and received during a period beginning July 1 of a year
and ending June 30 of the immediately succeeding year to the auditor
of state for distribution in the following manner:
(1) Thirty percent (30%) to each of the counties, cities, and
towns eligible to receive a distribution from the local road and
street account under IC 8-14-2 and in the same proportion
among the counties, cities, and towns as funds are distributed
under IC 8-14-2-4.
(2) Thirty percent (30%) to each of the counties, cities, and
towns eligible to receive a distribution from the motor vehicle
highway account under IC 8-14-1 and in the same proportion
among the counties, cities, and towns as funds are distributed
from the motor vehicle highway account under IC 8-14-1.
(3) Forty percent (40%) to the Indiana department of
transportation.
(b) The auditor of state shall hold all amounts of collections
received from the administrator that are made during a particular
month and shall distribute all of those amounts under subsection (a)
on the fifth day of the immediately succeeding month.
(c) All amounts distributed under subsection (a) may only be used
for purposes that money distributed from the motor vehicle highway
account may be expended under IC 8-14-1.
(d) All revenue collected under this chapter shall be used in the
same manner as the revenue collected under IC 6-6-1.1. The
administrator shall, after the transfers specified in subsection (a),
deposit the remainder of the revenues collected under this chapter in
the same manner that revenues are deposited under IC 6-6-1.1-802.
As added by P.L.277-1993(ss), SEC.44.
Last modified: May 28, 2006