HB 1080 Summary

• Amends motor vehicle tax and fee apportionment percentages under 47 O.S. Section 1104, reducing the percentage allocated to the State General Revenue Fund for fiscal year 2013-2014 from 26.84% to 24.34% and for 2014 and beyond from 24.84% to 19.84%.

• Creates new apportionment subsection M directing 2.50% of motor vehicle revenues to counties for fiscal year 2013-2014 and 5% for 2014 and beyond, to be deposited in County Bridge and Road Improvement Funds based on rural major collector road mileage.

• Expands allowable expenditures under 69 O.S. Section 665 to include costs associated with maintaining, preserving and constructing the rural major collector system in each county.

• Changes references in the statute from subsection N to O regarding minimum apportionment floors, and updates provisions to include the new subsection M in the floor requirement.

• Effective date July 1, 2013, with emergency clause providing immediate effect upon passage and approval.