(2)establish procedures for the reimbursement of dealers participating in the Program to be made through electronic transfer of funds for the amount of the vouchers as soon as practicable but no longer than 10 days after the submission of information supporting the eligible transaction, as deemed appropriate by the Secretary;
Above is a direct quote from the "Cash for Clunkers" law. Passed by the congress, signed by the President of The United States of America.
"no longer than 10 days after the submission of information supporting the eligible transaction,"
A Transportation official says more than 15 percent of the submissions from dealers have been approved. The car rebate program ended on Aug. 24 and dealers have complained that the government has been slow to reimburse them for the incentives of up to $4,500 per vehicle. The official said that all eligible and completed dealer submissions should be fully paid by Sept. 30.
We know the people who supposedly write these laws do not read them before voting for them. Now we also know that the government agencies that are tasked to administer these laws either do not read them or disregard the portions of them as they please.
You see folks, dealers will be audited and penalized if they violate any part of this law but the government can ignore any part of it without penalty.
You will be hounded by the IRS if you make a simple mistake in your tax return but Charlie Rangel will be given a pass.
All these government-run anything zealots, take note: Unless you are part of the ruling class, you will be subject to all the rules, regulations that are devised by all-too-powerful government. Do you really want to be footnotes for the grand schemes of the arrogant, elitist ruling class of SOBs?