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.
Ask a traffic law question, get an answer ASAP!
Thousands of highly rated, verified traffic lawyers.
Parking violations, accidents, DUI/DWI, licensing, registration, and more
Protect your vehicle and your rights with expert legal help now
Click here to chat with a lawyer about your rights.
Terms Used In Indiana Code 9-14-14-1
- Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
(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.
[Pre-2016 Revision Citations: subsection (a) formerly 9-29-14-1; subsection (b) formerly 9-29-14-2; subsection (c) formerly 9-29-14-3; subsection (d) formerly 9-29-14-4; subsection (e) formerly 9-29-14-5.]
As added by P.L.198-2016, SEC.194. Amended by P.L.201-2023, SEC.118.
