§ 9-32-7-1 — Dealer compliance account

Indiana § 9-32-7-1

• Jurisdiction: Indiana
• Title 9: MOTOR VEHICLES
• Art. 32: DEALER SERVICES
• Ch. 7: Accounts and Distribution of License and Permit Fees

Text

(a) The dealer compliance account is established
as a separate account to be administered by the secretary. The funds in
the account must be available, with the approval of the budget agency,
for use in enforcing and administering this article.
(b) The expenses of administering this article shall be paid from
money in the account.
(c) The treasurer of state shall invest the money in the dealer
compliance account not currently needed to meet the obligations of the
account in the same manner as other public money may be invested.
Interest that accrues from these investments shall be deposited in the
account.
(d) The dealer compliance account consists of the following:
(1) Money deposited under:
(A) IC 9-32-6;
(B) IC 9-32-6.5; and
(C) section 3(1) of this chapter.
(2) Appropriations to the account from other sources.
(3) Grants, gifts, donations, or transfers intended for deposit in the
account.
(4) Interest that accrues from money in the account.
(e) Money in the dealer compliance account at the end of a state
fiscal year does not revert to the state general fund.
(f) Money in the dealer compliance account is continuously
appropriated to the secretary for the purposes of the account.

Legislative History

As added by P.L.92-2013, SEC.78. Amended by P.L.174-2016, SEC.68; P.L.179-2017, SEC.55.