Sales by bureau; proceeds; transfer to motor vehicle highway fund
Sec. 28. (a) This section applies to sales of abandoned vehicles by
the bureau.
(b) The proceeds from the sale of abandoned vehicles or parts
shall be deposited in the abandoned vehicle fund to be established by
the bureau after allocation for towing and storage charges.
(c) At the end of a state fiscal year, money deposited by the
bureau in excess of thirty-seven thousand dollars ($37,000) shall be
transferred from the abandoned vehicle fund to the motor vehicle
highway fund.
As added by P.L.2-1991, SEC.10. Amended by P.L.66-1992, SEC.8.
Last modified: May 27, 2006