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1
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THE CHAIRMAN: Don't they certify and pay over
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2
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to the Comptroller's Office the titling tax?
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3
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MR. NOSSEL: Everything they collect now is
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4
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deposited directly into the Treasury, and the report of
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5
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it comes to us.
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6
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THE CHAIRMAN: I know. We have got a full
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7
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four pages of the various State funds and how they flow.
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8
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We know they come into the Treasury as such, but they
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9
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don't come through this office into the Treasury. I am
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10
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talking about titling taxes. They go directly from the
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11.
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Department of Motor Vehicles to the Treasurer's office.
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12
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MR. NOSSEL: The funds do. In other words ,
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13
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the certain call of deposit basis; from an agency that
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14
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is collecting State funds deposits it into a bank in the
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15
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name of the Treasurer, and they send a duplicate copy of
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16
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this to the Treasurer and a triplicate to the Comptroller
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17
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along with the report. We record this on the books and
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18
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the Treasurer actually has the money in the Treasury at
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19
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that time.
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20
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THE CHAIRMAN: That is required by the Consti-
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21
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tution. The Constitution, in effect, says that all
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