HB2698 - 551R - I Ver

 

 

 

REFERENCE TITLE: motor vehicle dealer enforcement fund

 

 

 

 

State of Arizona

House of Representatives

Fifty-fifth Legislature

First Regular Session

2021

 

 

HB 2698

 

Introduced by

Representatives Wilmeth: Biasiucci

 

 

AN ACT

 

amending section 28   4504, Arizona Revised Statutes; relating to motor vehicle dealers.

 

 

(TEXT OF BILL BEGINS ON NEXT PAGE)

 


Be it enacted by the Legislature of the State of Arizona:

Section  1.    Section 28-4504, Arizona Revised Statutes, is amended to read:

START_STATUTE28-4504.    Motor vehicle dealer enforcement fund

The motor vehicle dealer enforcement fund is established consisting of civil penalties collected pursuant to section 28   4501 that result from licensed or unlicensed motor vehicle dealer activity.    The department shall administer the fund.    Monies in the fund are subject to legislative appropriations continuously appropriated.    The director shall deposit all unexpended and unencumbered monies in the fund exceeding two hundred fifty thousand dollars $250,000 at the end of each fiscal year in the state highway fund established by section 28   6991. END_STATUTE

Statutes affected:
Introduced Version: 28-4504