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AR SB183
Bill
Status
3/28/2011
Primary Sponsor
Michael Lamoureux
Click for details
AI Summary
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Increases certificate of title fee from $1.00 to $2.00 and duplicate certificate of title fee from $1.00 to $2.00 under Arkansas Code § 27-14-602
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Increases title application fee from $4.00 to $8.00 per motor vehicle under Arkansas Code § 27-14-705(c)
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Directs 50% of net title application fees (after 3% state deduction) to Arkansas Highway Revenue Distribution and 50% to State Police Retirement Fund under Arkansas Code § 27-14-705(d)
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Allocates 50% of certificate of title fees to State Police Retirement Fund and remaining 50% to 1995 New Revenue Division Building Fund, with at least $920,000 first distributed to the building fund under Arkansas Code § 27-14-606(a)
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Declares emergency clause making the act effective July 1, 2011, citing severe revenue shortages in the State Police Retirement System
Legislative Description
To Increase Title And Replacement Title Fees To Fund The Arkansas State Police Retirement System Of The Department Of Arkansas State Police And To Declare An Emergency.
Last Action
Senate Notification that SB183 is now Act 718
3/28/2011