Section 201 – Transportation Network Vehicle Recovery Fund — Creation — Report to the Legislature.

• (1) As used in this part, “fund” means the Transportation Network Vehicle Recovery Fund created in Subsection (2).

• (2) There is created an expendable special revenue fund called the “Transportation Network Vehicle Recovery Fund.”

• (3) The fund consists of:
  • (a) money deposited in the fund before July 1, 2018; and
  • (b) interest earned on the money in the fund.

• (4) The division may allocate resources necessary to administer the fund.

• (5) The division shall use money from the fund to cover the division’s cost to administer this part.

• (6) The fund is not insurance as defined in Section 31A-1-301.

Amended by Chapter 111, 2018 General Session