This bill amends R.S.39:4-52 to increase penalties for drag racing on public highways. It establishes that individuals are prohibited from operating a motor vehicle for a wager, in a race, or for the purpose of making a speed record. The penalties for violations are significantly increased: a first offense will incur a fine of $100 to $200, while a second offense will result in a fine of $200 to $300. For a third or subsequent offense, the bill mandates that the vehicle used in the violation be impounded for at least 96 hours.

Additionally, the bill outlines the process for reclaiming an impounded vehicle, which requires the owner to provide proof of registration and insurance, along with payment of all associated towing and storage costs. If the vehicle is not claimed within 30 days, it may be sold at public auction, with any proceeds exceeding the costs returned to the owner or managed under the Uniform Unclaimed Property Act. This legislation aims to enhance the deterrent against drag racing by imposing stricter penalties and providing a clear process for handling impounded vehicles.