(1) If more than one (1) law enforcement agency is substantially involved in effecting a forfeiture pursuant to § 5-5-302, the circuit court having jurisdiction over the forfeiture proceeding shall equitably distribute the property among the law enforcement agencies.
(2) Any forfeited money or any proceeds remaining after the sale of the property shall be equitably distributed: To the county, city, or town for deposit into the respective county, city, or town treasury and credited to the special law enforcement forfeiture fund provided in § 5-5-305; and
(3) In the manner as provided in § 5-5-305.