27:5F-42 - "Graduated Driver License Fund."
27:5F-42 "Graduated Driver License Fund."
9. a. There is created in the Department of Transportation a special non-lapsing fund to be known as the "Graduated Driver License Fund." There shall be deposited in the fund up to $5 from each special learner's permit fee and examination permit fee for a passenger automobile that is established pursuant to R.S.39:3-13 and any other monies that may be made available for graduated license program start-up costs. The Division of Motor Vehicles shall administer expenditures from this fund.
b.Amounts necessary to reimburse the Division of Motor Vehicles in the Department of Transportation and the Office of Highway Traffic Safety in the Department of Law and Public Safety for all costs reasonably and actually incurred in the initial implementation and continuing administration of this act shall be appropriated from the fund. The Division of Motor Vehicles and the Office of Highway Traffic Safety shall certify to the State Treasurer their start-up costs to carry out their responsibilities under this act, and the program's costs annually thereafter. This amount shall be reimbursed to the Division of Motor Vehicles and the Office of Highway Traffic Safety from the Graduated Driver License Fund. In the event the fund's balance is insufficient to fully reimburse these costs, the State Treasurer shall provide to the Graduated Driver License Fund a loan from the General Fund in the amount needed to fully defray these costs. This loan shall be repaid to the General Fund when the balance in the Graduated Driver License Fund exceeds the amount necessary to reimburse these costs.
L.1998,c.108,s.9.