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AR SB776
Bill
Status
Passed
4/2/2013
Primary Sponsor
Bill Sample
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AI Summary
- Adds "low speed vehicles" to the definition of motor vehicles under Arkansas law
- Defines low speed vehicles as four-wheeled vehicles that travel 20-25 mph with a gross weight under 3,000 pounds
- Repeals Arkansas Code § 23-112-206, which allowed transferring up to $150,000 annually from the Motor Vehicle Commission Fund to the Department of Workforce Education Fund for motor vehicle education and training
- Requires new low speed vehicle dealers to file a $25,000 corporate surety bond, same as motorcycle and all-terrain vehicle dealers
- Extends the timeframe for replacing factory-required facility improvements from 5 years to 7 years for dealers to qualify for new vehicle sales incentive programs
Legislative Description
To Amend The Arkansas Motor Vehicle Commission Act.
Last Action
Notification that SB776 is now Act 561
4/2/2013
Committee Referrals
Public Transportation3/12/2013
Transportation, Technology & Legislative Affairs3/5/2013
Full Bill Text
No bill text available