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, stating 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 changes aim to streamline the use of auto auction fees and ensure that the funds are utilized more broadly within the operations of the Division of Arkansas State Police, rather than being limited to inspection and oversight activities. This amendment reflects a shift in focus towards enhancing the overall operational capabilities of the police division in relation to auto auctions.

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)