Sec. 11. (a) If a certificate of registration or decal issued for a watercraft that is registered under this chapter is lost, stolen, destroyed, or damaged, the owner of the watercraft may apply to the bureau for a replacement certificate of registration or decal. If the certificate of registration or decal is stolen, the owner shall provide notice of the theft to a law enforcement agency with jurisdiction over:
(1) the site of the theft; or
(2) the address listed on the certificate of registration.
(b) The bureau shall issue a replacement certificate of registration or decal to the owner of a watercraft after the owner pays a fee of nine dollars and fifty cents ($9.50).
(c) The fee imposed under subsection (b) shall be distributed as follows:
(1) Twenty-five cents ($0.25) to the state construction fund.
(2) Fifty cents ($0.50) to the state motor vehicle technology fund.
(3) One dollar ($1) to the crossroads 2000 fund.
(4) One dollar and fifty cents ($1.50) to the motor vehicle highway account.
(5) One dollar and twenty-five cents ($1.25) to the integrated public safety communications fund.
(6) Five dollars ($5) to the commission fund.
(d) A replacement certificate of registration or decal issued under this section must be attached and displayed in the same manner as the original certificate of registration or decal.