(a) A five-dollar ($5.00) fee shall be charged to the buyer of each item at an auto auction that is sold on a certificate of title that is labeled “salvage” or “parts-only”.
(b) The fee is special revenue and shall be deposited into the State Treasury.
(c) The Treasurer of State shall transfer the special revenues received under this section on the last business day of each month as follows:
(1) Fifty percent (50%) for the Division of Environmental Quality to be used for inspection and oversight of auto auctions to enforce all laws and rules administered by the Division of Environmental Quality; and
(2) Fifty percent (50%) for the Division of Arkansas State Police to be used for inspection and oversight of auto auctions.
Structure Arkansas Code
Title 23 - Public Utilities and Regulated Industries
Subtitle 4 - Miscellaneous Regulated Industries
Chapter 112 - Arkansas Motor Vehicle Commission Act
Subchapter 6 - Used Motor Vehicle Buyers Protection
§ 23-112-601. Necessity for regulation — Legislative findings — Legislative declaration
§ 23-112-603. Penalty for violation and disbursal of fines
§ 23-112-604. Powers generally
§ 23-112-606. License required
§ 23-112-607. Dealer's license
§ 23-112-608. License certificate fees
§ 23-112-609. Issuance of license certificate
§ 23-112-610. Display of dealer's license
§ 23-112-611. Records to be maintained
§ 23-112-613. Delivery prior to sale — Disclosures — Definitions
§ 23-112-614. Auto auction fees for salvage-titled or parts-only titled vehicles
§ 23-112-617. Used motor vehicle dealer service and handling fee