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OK SB729
Bill
AI Summary
- Redirects 50 cents of each $1.00 late registration penalty from the General Revenue Fund to the State Highway Construction and Maintenance Fund beginning July 1, 2011
- Applies the funding change to penalties for delinquent vehicle registration, late title transfers, and late excise tax payments
- Maintains existing penalty structure of $1.00 per day for late registration, capped at $100.00 maximum
- Preserves current apportionment of remaining penalty revenue: 25 cents to highway/county funds and 25 cents retained by motor license agents
- Amends Sections 1115, 1132, and 1151 of Title 47 (Oklahoma Vehicle License and Registration Act) and Section 2103 of Title 68 (vehicle excise tax)
Legislative Description
Motor vehicle revenue; apportionment of revenue from penalties.
Motor Vehicles and Transportation
Last Action
Approved by Governor 05/26/2011
5/26/2011
Committee Referrals
Appropriations and Budget3/16/2011
Finance2/8/2011
Full Bill Text
No bill text available