2006 Ohio Revised Code - 4501.10. Highway safety salvage and exchange funds.

§ 4501.10. Highway safety salvage and exchange funds.
 

(A)  Except as provided in divisions (B) and (C) of this section, money received by the department of public safety from the sale of motor vehicles and related equipment pursuant to section 125.13 of the Revised Code shall be transferred to the highway safety salvage and exchange administration fund or highway safety salvage and exchange highway patrol fund, as appropriate. Such funds are hereby created in the state treasury. The money shall be used only to purchase replacement motor vehicles and related equipment. All investment earnings of these funds shall be credited to the funds, respectively. 

(B)  Money received by the department of public safety from the sale of motor vehicles and related equipment of the bureau of motor vehicles pursuant to section 125.13 of the Revised Code shall be transferred to the state bureau of motor vehicles fund created by section 4501.25 of the Revised Code. 

(C)  Money received by the department of public safety investigative unit established under section 5502.13 of the Revised Code from the sale of motor vehicles and other equipment pursuant to section 125.13 of the Revised Code shall be deposited into the public safety investigative unit salvage and exchange fund, which is hereby created in the state treasury. The money in the fund shall be used only to purchase replacement motor vehicles and other equipment for that unit. 
 

HISTORY: 141 v S 269 (Eff 3-13-86); 144 v S 98 (Eff 11-12-92); 148 v H 163. Eff 6-30-99; 150 v H 87, § 1, eff. 6-30-03.
 

The effective date is set by section 26 of H.B. 87. 

 

Effect of Amendments

H.B. 87, Acts 2003, effective June 30, 2003, substituted "divisions (B) and (C)" for "division (B)" in (A); and added (C).