First of all i am sorry your daughter has put you in the position to have to decide what to do.
My parents raised us that if we ever were arrested, we could sit in jail and let the courts decide.
When my brother was 16 he was arrested for stealing a golf cart & tearing up the green with friends. We lived in small town.
When my parents were called, my dad did as promised and told them to keep him.
A deputy that knew one of my parents called the house & told my dad that was a poor choice. my dad stood firm.
my mom called one of the judges in town that she knew from work with some concerns that the deputy brought up. This judge had a reputation of being very conservative.
She told my mom to go get her boy ASAP.
She didn't care what crime he did, a jail is not a safe place for him under any circumstances.
This was 30 years ago in a small Northern California town.
Just knowing that, I would bail her out and punish her the way I see fit and have her deal with law with me by her side. Not condoning what she did, but giving her support & knowledge to get through it.
I would get help from a professional that deals with kids in these situations or consult our Pastor if we didn't know what to do.
oh, and she would work her little behind off to pay me back for her fines.