7321 - Scope of subchapter and legislative intent.

                               SUBCHAPTER B                      WATERCRAFT TRAILER FORFEITURE     Sec.     7321.  Scope of subchapter and legislative intent.     7322.  Definitions.     7323.  Liens.     7324.  Notification by watercraft trailer dealer.     7325.  Responsibility of department.     7326.  Publication.     7327.  Redemption.     7328.  Forfeiture.     7329.  Rights acquired by good faith purchaser.     7330.  Other remedies.     7331.  Construction.        Enactment.  Subchapter B was added July 7, 2006, P.L.365,     No.79, effective in 120 days.        Cross References.  Subchapter B is referred to in section     5331 of Title 30 (Fish).     § 7321.  Scope of subchapter and legislative intent.        (a)  General rule.--This subchapter covers forfeitures of     watercraft trailers left in the possession of watercraft trailer     dealers.        (b)  Legislative intent.--It is the intent of the General     Assembly that this subchapter act in concert with 30 Pa.C.S. Ch.     53 Subch. C (relating to boat and marine forfeiture).        (c)  Applicability.--            (1)  The provisions of this subchapter shall only apply        to a watercraft trailer with a resale value based upon        established industry standards equal to or less than the        maximum amount set forth in this subsection.            (2)  The maximum amount for the year 2006 shall be        $1,000. Thereafter, the maximum amount shall be fixed        annually by the department based upon the maximum amount in        the prior year as adjusted to reflect the change in the        Consumer Price Index for All Urban Consumers (CPI-U) for the        United States for all items as published by the United States        Department of Labor, Bureau of Labor Statistics, for the        previous 12-month period. The maximum amount as adjusted        shall be rounded to the nearest multiple of $5.            (3)  The department shall give notice of the new maximum        amount by publication in the Pennsylvania Bulletin in the        third publication in March of each year.