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9-18.5-12-14. Sales of special group plates in excess of 5,000; fees and trust funds

IN Code § 9-18.5-12-14 (2019) (N/A)
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Sec. 14. (a) This section applies to a special group if at least five thousand (5,000) of the special group's license plates are issued under this chapter during one (1) calendar year beginning after December 31, 2004.

(b) The representatives of the special group may petition the bureau to design a distinctive license plate that identifies a vehicle as being registered to a person who is a member of the special group.

(c) The design of the special group license plate must include a basic design for the special group recognition license plate, with consecutive numerals or letters, or both, to properly identify the vehicle.

(d) Beginning with the calendar year following the year in which the representatives petition the bureau under subsection (b), the bureau shall issue the special group's license plate to a person that is eligible to register a vehicle under this title and does the following:

(1) Completes an application for the license plate.

(2) Pays an annual special group recognition license plate fee of twenty-five dollars ($25).

(e) The annual fee referred to in subsection (d)(2) and any other amounts remitted to the bureau as required under law shall be collected by the bureau and deposited in a trust fund for the special group established under subsection (f). However, the bureau shall retain two dollars ($2) for each license plate issued until the cost of designing and issuing the special group license plate is recovered by the bureau.

(f) The treasurer of state shall establish a trust fund for each special group for which the bureau collects fees under this section.

(g) The treasurer of state shall invest the money in the fund not currently needed to meet the obligations of the fund in the same manner as other public funds are invested. Interest that accrues from these investments shall be deposited in the fund. Money in the fund is continuously appropriated for the purposes of this section. Money in the fund at the end of a state fiscal year does not revert to the state general fund.

(h) The bureau shall administer the fund. Expenses of administering the fund shall be paid from money in the fund.

(i) On June 30 of each year, the bureau shall distribute the money from the fund to the special group for which the bureau has:

(1) collected fees under this section; or

(2) received and deposited amounts as required by law.

(j) The bureau may not disclose information that identifies the persons to whom special group license plates have been issued under this section.

[Pre-2016 Revision Citation: 9-18-25-17.5.]

As added by P.L.198-2016, SEC.327.

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