§6040. Watercraft Fund
163 words·~1 min read·
/me/title-12-conservation/chapter-603-department-administration/6040·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(REALLOCATED FROM TITLE 12, SECTION 6038)
The Watercraft Fund, referred to in this section as "the fund," is established within the department. [RR 2007, c. 2, §3 (RAL).]
1. Sources. The fund is capitalized by money collected from boat registrations pursuant to section 10206, subsection 3 and fines. In addition to those revenues, the commissioner may accept and deposit into the fund money from any other source, public or private.
[RR 2007, c. 2, §3 (RAL).]
2. Purposes. The commissioner shall use the fund primarily for the purpose of funding vessel operations and maintenance and safety and enforcement programs.
[RR 2007, c. 2, §3 (RAL).]
3. Interest and balances credited to fund. Any interest earned on the money in the fund must be credited to the fund. Unexpended balances in the fund at the end of the fiscal year do not lapse but must be carried forward to the next fiscal year and credited to the fund.
[RR 2007, c. 2, §3 (RAL).]