HB 3057 Summary

• Amends motor vehicle collection apportionments under 47 O.S. Section 1104, reducing the percentage of vehicle registration fees allocated to the General Revenue Fund from 29.84% to 24.84% beginning July 1, 2012.

• Creates the Rebuilding Oklahoma Access and Driver Safety Fund (ROADS Fund) under 69 O.S. Section 1521 to receive dedicated transportation funding from vehicle registration revenues.

• Increases annual apportionment to the ROADS Fund from $435 million to $550 million, with funds directed to state highway construction, maintenance, bridge repair, and debt service on transportation bonds.

• Redirects $5 million annually to the Oklahoma Tourism and Passenger Rail Revolving Fund and Public Transit Revolving Fund for specific transportation projects.

• Declares an emergency, making the bill effective July 1, 2012, to address transportation funding needs.