New York S01023 raises the dollar value limit for abandoned vehicles that local authorities can seize.

New York S01023 amends the vehicle and traffic law to increase the dollar value of abandoned vehicles that local authorities can seize. Specifically, the bill raises the wholesale value limit from $750 to $3,200. If an abandoned vehicle has no number plates and meets this value, ownership vests in the local authority. The bill also specifies that local authorities are not required to obtain title if the vehicle will be sold as junk or salvage. The changes will take effect 180 days after the bill becomes law.

New York S01023 raises the dollar value limit for abandoned vehicles that local authorities can seize.

New York S01023 amends the vehicle and traffic law to increase the dollar value of abandoned vehicles that local authorities can seize. Specifically, the bill raises the wholesale value limit from $750 to $3,200. If an abandoned vehicle has no number plates and meets this value, ownership vests in the local authority. The bill also specifies that local authorities are not required to obtain title if the vehicle will be sold as junk or salvage. The changes will take effect 180 days after the bill becomes law.