Authority: IC 9-32-3-1

Affected: IC 9-32

Sec. 5. (a) The secretary of state retains the discretion to determine the number of watercraft dealer license plates to be issued to a watercraft dealer.

(b) The secretary of state may take the following formula into consideration when issuing watercraft dealer license plates to a watercraft dealer:

1. STEP ONE: Determine the total number of watercraft (both retail and wholesale) sold, or projected to be sold, by the applicant in a license year.
2. STEP TWO: Determine the number of licensed months the applicant was in business during the license year.
3. STEP THREE: Divide the number in STEP ONE by the number in STEP TWO.

(c) The secretary of state may take the following into consideration when issuing watercraft manufacturer plates to a watercraft manufacturer:

1. (1) The type of watercraft the watercraft manufacturer constructs or assembles.
2. (2) How many watercraft the watercraft manufacturer produced in the previous twelve (12) months or calendar year.
3. (3) The watercraft manufacturer's intended primary use of the license plates.
4. (4) The nature of the watercraft manufacturer's business.

(d) The secretary retains the discretion to determine the number of temporary license plates issued to a properly licensed watercraft dealer or watercraft manufacturer based upon factors including, but not limited to, the number of watercraft sold or based upon the extent of the watercraft dealer's projected sales.

(Secretary of State; 75 IAC 5-2-5; filed Jun 7, 1993, 10:00 a.m.: 16 IR 2357; readopted filed Jul 30, 2001, 10:31 a.m.: 24 IR 4232; readopted filed Nov 14, 2007, 1:31 p.m.: 20071212-IR-140070562RFA; readopted filed Nov 13, 2013, 3:25 p.m.: 20131211-IR-075130451RFA; filed Dec 14, 2017, 1:15 p.m.: 20180110-IR-075160434FRA; readopted filed Nov 30, 2023, 11:48 a.m.: 20231227-IR-075230626RFA) NOTE: Transferred from the Bureau of Motor Vehicles (140 IAC 9-3-5) to the Secretary of State (75 IAC 5-2-5) by P.L.106-2008, SECTION 54, effective July 1, 2008.