39-04-39. Distribution of registration fees collected.

1. Any moneys in the registration fund accruing from license fees or from other like sources, in excess of the amount required to pay salaries and other necessary expenses, in accordance with the legislative assembly's appropriation for such purposes, must be promptly deposited in the highway tax distribution fund which must be distributed in the manner as prescribed by law.

2. The state treasurer shall transfer annually from the highway tax distribution fund to the low-carbon fuels fund under section 4.1-01-21.2 an amount equal to forty percent of all sums collected for the registration of farm vehicles under subsection 5 of section 39-04-19 until the cumulative total transfers under this subsection equals thirty million dollars.