HB2698 - 551R - IH Ver       REFERENCEHouse TITLE:Engrossed   motor vehicle dealer enforcement fund         State of Arizona House of Representatives Fifty-fifth Legislature First Regular Session     HOUSE BILL 2698       AN ACT   amending section 28-4504, Arizona Revised Statutes;

motor vehicle dealer enforcement fund         State of Arizona House of Representatives Fifty-fifth Legislature First Regular Session     HB 2698   Introduced by Representatives Wilmeth:

Biasiucci     AN ACT   amending section 28‑4504, Arizona Revised Statutes;

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

START_STATUTE28-4504.  MotorSection vehicle28-4504, dealerArizona enforcementRevised fundStatutes, The motor vehicle dealer enforcement fund is establishedamended consisting of civil penalties collected pursuant to sectionread: 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.

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.