HI HB777

Expands the $5 transaction fee under Act 120 (2009) to apply to all recordings in the Bureau of Conveyances and office of the assistant registrar of the land court, rather than only deregistered land.

Broadens authorized uses of transaction fee revenue to include software, project management, implementation, staffing, workflow improvements, and services related to management, archiving, preservation, and accessibility of records.

Protects transaction fee collections in the Bureau of Conveyances special fund from lapsing to the general fund each fiscal year.

Repeals the transaction fee on the earlier of: the effective date of administrative rules adopted by the Department of Land and Natural Resources establishing a transaction fee, or July 1, 2022.

Effective date: July 1, 2050.