Montana Code 61-3-550. Motor vehicle information technology system account
61-3-550. Motor vehicle information technology system account. (1) There is a motor vehicle information technology system account in the state special revenue fund provided for in 17-2-102.
Terms Used In Montana Code 61-3-550
- Certificate of title: means the paper record issued by the department or by the appropriate agency of another jurisdiction that establishes a verifiable record of ownership between an identified person or persons and the motor vehicle specifically described in the record and that provides notice of a perfected security interest in the motor vehicle. See Montana Code 61-1-101
- Department: means the department of justice acting directly or through its duly authorized officers or agents. See Montana Code 61-1-101
- Lien: A claim against real or personal property in satisfaction of a debt.
- Motor vehicle: means :
(i)a vehicle propelled by its own power and designed or used to transport persons or property on the highways of the state;
(ii)a quadricycle if it is equipped for use on the highways as prescribed in chapter 9; or
(iii)a golf cart only if it is equipped for use on the highways as prescribed in chapter 9 and is operated pursuant to 61-8-391 or by a person with a low-speed restricted driver's license. See Montana Code 61-1-101
- New motor vehicle: means a motor vehicle, regardless of the mileage of the vehicle, the legal or equitable title to which has never been transferred by a manufacturer, distributor, or dealer to another person as the result of a retail sale. See Montana Code 61-1-101
- State: when applied to the different parts of the United States, includes the District of Columbia and the territories. See Montana Code 1-1-201
- Vehicle: means a device in, on, or by which any person or property may be transported or drawn on a public highway, except devices moved by animal power or used exclusively on stationary rails or tracks. See Montana Code 61-1-101
(2)(a) Until June 30, 2019, $4 of the fee received by the department pursuant to 61-3-103(8) for a security interest or other lien must be deposited in the account.
(b)Until June 30, 2026, fees received by the department pursuant to 61-3-103(9) and $5 of each fee received under 61-3-203 or 61-3-204 for a certificate of title must be deposited in the account.
(3)The money in the motor vehicle information technology system account must be appropriated by the legislature to the department of justice and must be used by the department for the purpose of:
(a)repaying any indebtedness or loan incurred for the creation of a new information technology system for motor vehicles; or
(b)payment of costs directly incurred in the creation and support of the new motor vehicle information technology system.