(A) There is created the Abandoned Motor Vehicle Fund which shall be used to pay for the costs of removal and storage of abandoned motor vehicles or parts not claimed by the person who owns or holds a lien on said vehicle or parts. In addition, the proceeds from the sale of the abandoned motor vehicles or abandoned motor vehicle parts received by the town shall be placed in this account. The costs incurred by the town in administering this chapter shall be paid from this Fund.
(B) Said Fund shall also have added to it such monies, if necessary, as may be appropriated by the Town Council. The proceeds of sale of an abandoned vehicles or parts by the agency shall be credited against all costs incident to the removal, storage, and disposal of the vehicle. All monies remaining in said Fund at the end of each year shall remain in such Fund and not revert to the General Fund, pursuant to the authority of I.C. 9-22-1-27. The monies in said Fund shall be expended and used only for the purposes enumerated in I.C. 9-22-1-26 et seq., providing for the disposal of abandoned motor vehicles.
(C) A separate accounting of each sale shall be maintained. The agencies may seek payment of any abatement expenses not covered by the proceeds from the sale of the abandoned motor vehicles pursuant to provisions established for filing a lien on the real estate of said owner.
(1996 Code, § 6-23) (Ord. 96-11-01, passed 11-25-1996)