SB 821 - Griesheimer, John
Modifies the definition of "salvage vehicle"
Bill Details
Sponsor
LR Number
3935S.01I
Title
SB 821
House Handler
N/A
Journal Page
Effective Date
August 28, 2006
Committee
Current Status
Removed S Consent Calendar
Quick Links
Amendments
No amendments available
CURRENT BILL SUMMARY
SB 821 - Under the current law, the definition of salvage vehicle includes a motor vehicle that has been damaged to the extent that the cost of repairs to rebuild it exceeds 75% of the fair market value of the vehicle. This act changes the damage threshold from 75% to 80%. In addition, this act restricts the 80% damage threshold to vehicles which have a manufacturer's model year designation of or later than the year in which the vehicle was damaged or any of the three preceding years.
STEPHEN WITTE