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OK SB1802
Bill
Status
2/1/2010
Primary Sponsor
Cliff Branan
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AI Summary
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Modifies the apportionment of motor vehicle taxes and fees collected under the Oklahoma Vehicle License and Registration Act, redirecting percentages away from the General Revenue Fund starting July 1, 2009
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Reduces General Revenue Fund allocations progressively from 29.84% (starting July 1, 2009) down to 0% by the sixth fiscal year after the Rebuilding Oklahoma Access and Driver Safety Fund reaches $370 million in total apportionment
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Redirects revenues to the County Improvements for Roads and Bridges Fund, increasing allocations from 3.10% to as high as 29.84% depending on the fiscal year and ROADS Fund balance
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Maintains existing allocations to school districts (36.20%), counties, cities, and the Oklahoma Law Enforcement Retirement Fund
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Becomes effective July 1, 2010, with an emergency clause declaring immediate necessity
Legislative Description
Motor vehicles; modifying apportionment of certain revenue from motor vehicle taxes and fees. Effective date. Emergency.
Motor Vehicles and Transportation
Last Action
Second Reading referred to Appropriations
2/2/2010