New Jersey Statutes 39:3-6.20. “Proportional Registration Distributive Fund”
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Terms Used In New Jersey Statutes 39:3-6.20
- State: extends to and includes any State, territory or possession of the United States, the District of Columbia and the Canal Zone. See New Jersey Statutes 1:1-2
30. a. The Division of Motor Vehicles shall distribute the registration fees collected for participating jurisdictions in accordance with the International Registration Program Agreement.
b. There is created within the State Treasury a special account to be known as the “Proportional Registration Distributive Fund” into which all fees collected for other jurisdictions shall be deposited and held in trust until distributed pursuant to subsection a. of this section.
c. Funds collected for other jurisdictions pursuant to the International Registration Plan shall not be considered funds of the State of New Jersey and shall not be appropriated for purposes other than distribution pursuant to subsection a. of this section.
L.1995,c.157,s.30.