§200-47  Disposition of proceeds.  Thedepartment shall deposit that portion of the proceeds of the sale of a vesselthat represents the mooring or other fees and charges due the department, theexpenses of the auction, and any other expense incurred by the department intaking into custody and disposing of an abandoned vessel, derelict vessel, orvessel impounded under section 200-16, into the boating special fund from whichthe expenses incurred in connection with the vessel were paid.  The balance, ifany, shall be deposited into the general fund of the State.  The owner mayrecover any balance of the proceeds from the State only if the owner files aclaim therefor with the department of budget and finance within one year afterthe execution of the bill of sale.  If no claim is made within the yearallowed, the money shall become a state realization.  A lien holder shallreceive priority in payment from the balance of the proceeds to the extent ofthe lien holder's lien on the vessel.  If the proceeds of the sale areinsufficient to cover the mooring and other fees and charges, the expenses ofthe auction and the other expenses incurred by the department in taking intocustody and disposing of the vessel, the department may bring an action for thedeficiency in a court of appropriate jurisdiction against the registered ordocumented owner or any person who had an interest in the vessel when custodywas taken by the department. [L 1991, c 272, pt of §2; am L 2004, c 70, §5]