This bill amends the law regarding the distribution of auto auction fees specifically for salvage-titled or parts-only titled vehicles. It modifies the allocation of these fees, stipulating that fifty percent (50%) of the revenue will be directed to the Division of Arkansas State Police. The previous language that specified the funds were for "inspection and oversight of auto auctions" has been removed, and the new language clarifies that the funds will be used for the "operations of the Division of Arkansas State Police."

The bill aims to streamline the use of auto auction fees by focusing on the operational needs of the Division of Arkansas State Police rather than the broader category of inspection and oversight. This change is intended to enhance the efficiency and effectiveness of the Division's operations related to salvage-titled and parts-only titled vehicles.

Statutes affected:
Old version HB1988 V2 - 4-9-2025 11:12 AM: 23-112-614(c)
Old version HB1988 Original - 4-3-2025 04:01 PM: 23-112-614(c)
HB 1988: 23-112-614(c)
Act 930: 23-112-614(c)