Section 4456.3 Of Article 4. Evidences Of Registration From California Vehicle Code >> Division 3. >> Chapter 1. >> Article 4.
4456.3
. (a) The department shall charge a dealer or lessor-retailer
a fee, as established by the director pursuant to subdivision (b),
for each vehicle sold by a dealer or lessor-retailer and reported on
a report-of-sale form issued by the department to a dealer or
lessor-retailer, or for every vehicle sold by a dealer or
lessor-retailer if that licensee does not use a report-of-sale form
issued by the department because the report of the sale is given
electronically or otherwise. The department shall collect the fee and
the fees shall be paid to the Consumer Motor Vehicle Recovery
Corporation as described in Chapter 11 (commencing with Section
12200) of Division 5. The department shall not charge more than a
total of two thousand five hundred dollars ($2,500) in fees under
this section to a dealer licensee within a calendar year.
(b) The director shall establish the fee at one dollar ($1) and
shall collect the fee. The director shall deposit the fees received
in the Motor Vehicle Account. Notwithstanding Section 13340 of the
Government Code, the revenues from the fees deposited in the Motor
Vehicle Account, less an amount that the director determines is equal
to the department's costs related to collecting and processing the
fees, is hereby continuously appropriated to the department for
quarterly payment to the Consumer Motor Vehicle Recovery Corporation
until the Consumer Motor Vehicle Recovery Corporation notifies the
department that the balance in the recovery fund maintained by the
corporation has reached five million dollars ($5,000,000). Within 90
days after being notified by the Consumer Motor Vehicle Recovery
Corporation, the director shall cease collecting the fee. Thereafter,
if the amount in the recovery fund maintained by the corporation is
less than two million dollars ($2,000,000), the Consumer Motor
Vehicle Recovery Corporation shall notify the department of the
amount necessary to return the recovery fund balance to five million
dollars ($5,000,000). Within 90 days of being notified, the director
shall collect the fee and pay the fee revenue required by this
subdivision until the Consumer Motor Vehicle Recovery Corporation
notifies the director that the recovery fund has reached five million
dollars ($5,000,000). Within 90 days of being notified, the director
shall cease collecting the fee.
(c) (1) The Consumer Motor Vehicle Recovery Corporation shall
reimburse the department for all reasonable expenses incurred in
implementing this section.
(2) The Consumer Motor Vehicle Recovery Corporation shall
reimburse the department for all reasonable startup expenses incurred
by the department to comply with this section within 90 days after
the department begins collecting the fees and transmitting them to
the Corporation as provided in this section.
(d) This section shall become operative on July 1, 2008.