CHAPTER 23. MOTOR CARRIER REGULATION FUND
IC 8-2.1-23
Chapter 23. Motor Carrier Regulation Fund
IC 8-2.1-23-1
Establishment; purpose
Sec. 1. The motor carrier regulation fund is established for the
purpose of funding:
(1) the administration and enforcement of this article; and
(2) the administration and enforcement of IC 6-6-4.1 and
IC 6-8.1-4-4.
As added by P.L.99-1989, SEC.14. Amended by P.L.73-1990, SEC.1;
P.L.277-1993(ss), SEC.54; P.L.119-1998, SEC.26.
IC 8-2.1-23-2
Deposit of fees
Sec. 2. The treasurer of state shall deposit fees collected under
this article, IC 9-20-18-14.5, and IC 9-29-6-1.5 in the motor carrier
regulation fund.
As added by P.L.99-1989, SEC.14. Amended by P.L.129-2001,
SEC.28.
IC 8-2.1-23-3
Investments
Sec. 3. The treasurer of state shall invest the money in the motor
carrier regulation fund not currently needed to meet the obligations
of the fund in the same manner as other public funds may be
invested.
As added by P.L.99-1989, SEC.14.
IC 8-2.1-23-4
Money not to revert to state general fund; transfer of excess to
motor vehicle highway account
Sec. 4. Money in the motor carrier regulation fund does not revert
to the state general fund. However, if the amount of money in the
fund at the end of a fiscal year exceeds five hundred thousand dollars
($500,000), the treasurer of state shall transfer the excess from the
fund to the motor vehicle highway account established in IC 8-14-1.
As added by P.L.99-1989, SEC.14.