Commercial vehicle excise tax fund; establishment
Sec. 16. (a) The commercial vehicle excise tax fund is established
for the purpose of receiving commercial vehicle excise taxes first due
and payable in 2001 and thereafter. The fund shall be administered
by the department.
(b) The expenses of administering the fund shall be paid from
money in the fund.
(c) The treasurer of state shall invest the money in the fund not
currently needed to meet the obligations of the fund in the same
manner as other public money may be invested. Interest that accrues
from these investments shall be deposited in the fund.
(d) Money in the fund at the end of a state fiscal year does not
revert to the state general fund.
As added by P.L.181-1999, SEC.2.
Last modified: May 28, 2006