This bill amends the penalties associated with drag racing on public highways in New Jersey. It increases the fines for violations, establishing a range of $100 to $200 for a first offense and $200 to $300 for a second offense. For third or subsequent offenses, the bill mandates that the motor vehicle involved be impounded for a minimum of 96 hours. The owner can reclaim the vehicle by providing proof of registration and insurance, along with payment of all reasonable towing and storage costs.
Additionally, if the owner does not claim the impounded vehicle within 30 days, it may be sold at public auction. The bill outlines that any proceeds from the sale that exceed the costs incurred by the impounding entity will be returned to the vehicle's owner, provided their identity is known. If the owner cannot be located, the proceeds will be managed according to the Uniform Unclaimed Property Act.