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Indiana Code Title 9. Motor Vehicles § 9-14-14-1

Current as of January 02, 2024 | Updated by FindLaw Staff

Sec. 1. (a) The bureau of motor vehicles commission fund is established for the purpose of paying the expenses incurred in administering IC 9-14.1 and to defray expenses incurred by the bureau in verifying compliance with financial responsibility requirements under IC 9-25-9. The commission shall administer the fund.

(b) 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.

(c) Money in the fund at the end of a state fiscal year does not revert to the state general fund.

(d) There is annually appropriated to the commission the money in the fund for its use in carrying out the purposes of IC 9-14.1, subject to the approval of the budget agency.

(e) The fund consists of the following:

(1) Money deposited in or distributed to the fund under this title.

(2) Money deposited in the fund under IC 9-29-14-5 (before its repeal).

(3) Money received from any other source, including appropriations.

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Cite this article: FindLaw.com - Indiana Code Title 9. Motor Vehicles § 9-14-14-1 - last updated January 02, 2024 | https://codes.findlaw.com/in/title-9-motor-vehicles/in-code-sect-9-14-14-1/

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