[§261-72]  Disposition of proceeds of sale. The department of transportation shall deposit into the airport revenue fund,that portion of the proceeds of the sale of an aircraft as shall represent thestorage and other airport fees and charges due the department, the expenses ofthe auction, and any other expense incurred by the department in taking intocustody and disposing of an aircraft.  The balance, if any, shall be depositedinto the general fund of the State.  The owner may recover any such balance ofthe proceeds from the State only if the owner files a claim therefor with thedepartment of budget and finance within five years after the execution of thebill of sale.  A lien holder shall receive priority of payment from the balanceof the proceeds to the extent of the lien holder's lien on the aircraft.  Ifthe proceeds of the sale are insufficient to cover the storage and otherairport fees and charges, the expenses of the auction and other expenses of thedepartment in taking into custody and disposing of the aircraft, the departmentof transportation may, within five years, bring an action for the deficiency ina court of appropriate jurisdiction against the person who was the owner of theaircraft at the time custody was taken by the department. [L 1981, c 25, pt of§1; gen ch 1985]