LA SB293

Transfers administration of the Motor Vehicle Safety Responsibility Law from the State Treasurer's office to the Office of Motor Vehicles, effective August 1, 2026

Reassigns responsibility for accepting and holding cash deposits ($55,000) or securities ($55,000 market value) as proof of motor vehicle liability coverage from the State Treasurer to the Commissioner of the Office of Motor Vehicles

Shifts authority to issue certificates of financial responsibility, process executions on judgments, and sell deposited securities at public auction to satisfy claims from the Treasurer to the OMV Commissioner

Requires the Office of Motor Vehicles to deposit cash received under these provisions in savings banks or savings departments of trust companies or national banks within the state

Updates multiple sections of R.S. 32 (Motor Vehicle Safety Responsibility Law) to replace references to "state treasurer" with "commissioner of the office of motor vehicles" throughout