(A) This section applies to sales of abandoned vehicles or parts by the town.
(B) The proceeds from the sale of abandoned vehicles or parts, including charges for bills of sale; and money received from persons who own or hold liens on vehicles for the cost of removal or storage of vehicles; shall be deposited in the town’s Abandoned Vehicle Fund by the Clerk-Treasurer.
(C) The costs incurred by the town in administering this subchapter shall be paid from the Abandoned Vehicle Fund.
(D) The Town Council shall annually appropriate sufficient money to the Fund to carry out this subchapter. Money remaining in the Fund at the end of a year remains in the Fund and does not revert to the General Fund.
(I.C. 9-22-1-27)