Financial responsibility compliance verification fund
Sec. 7. (a) The financial responsibility compliance verification
fund is established to defray expenses incurred by the bureau in
verifying compliance with financial responsibility requirements
under this chapter.
(b) The expenses of administering the fund shall be paid from
money in the fund.
(c) The sources of money for the fund are as follows:
(1) The portion of the driving license reinstatement fee that is
to be deposited in the fund under IC 9-29-10-1.
(2) Accrued interest and other investment earnings of the fund.
(3) Appropriations made by the general assembly.
(4) Gifts and donations from any person to the fund.
(d) 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 funds may be invested.
(e) 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.59-1994, SEC.10.
Last modified: May 27, 2006