1. (a) This section applies to sales of abandoned vehicles or parts by a city, county, or town.

2. (b) The proceeds from the sale of abandoned vehicles or parts, including:

   1. (1) charges for bills of sale; and

   2. (2) money received from persons who own or hold liens on vehicles for the cost of removal or storage of vehicles;

      shall first be credited against the costs of removal, storage, and disposal of the vehicle incurred by the towing company or storage facility. The remaining proceeds shall be deposited in the city's, county's, or town's abandoned vehicle fund by the fiscal officer of the city, county, or town.

3. (c) The costs incurred by a public agency in administering this chapter shall be paid from the abandoned vehicle fund.
4. (d) The fiscal body shall annually appropriate sufficient money to the fund to carry out this chapter. Money remaining in the fund at the end of a year remains in the fund and does not revert to the general fund.

5. (e) Notwithstanding subsection (d), the fiscal body of a consolidated city may transfer money from the fund.

   [Pre-1991 Recodification Citation: 9-9-1.1-14(a).]

As added by P.L.2-1991, SEC.10. Amended by P.L.85-1995, SEC.39; P.L.191-2007, SEC.18; P.L.227-2025, SEC.20; P.L.81-2026, SEC.2.