Title 41 Chapter 12a Section 806
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Motor Vehicles | |
Financial Responsibility of Motor Vehicle Owners and Operators Act | |
Section 806 | Restricted Account -- Creation -- Funding -- Interest -- Purposes. |
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41-12a-806. Restricted Account -- Creation -- Funding -- Interest --
Purposes.
(1) There is created within the Transportation Fund a restricted account known as the "Uninsured Motorist Identification Restricted Account." (2) The account consists of money generated from the following revenue sources: (a) money received by the state under Section 41-1a-1218, the uninsured motorist identification fee; (b) money received by the state under Section 41-1a-1220; and (c) appropriations made to the account by the Legislature. (3) (a) The account shall earn interest. (b) All interest earned on account money shall be deposited into the account. (4) Money shall be appropriated from the account by the Legislature to: (a) the department to fund the contract with the designated agent; (b) the department to offset the costs to state and local law enforcement agencies of using the information for the purposes authorized under this part; and (c) the Tax Commission to offset the costs to the Motor Vehicle Division for revoking and reinstating vehicle registrations under Subsection 41-1a-110(2)(a)(ii). Amended by Chapter 322, 2008 General Session | |
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