SB 898 Creates and funds the Department of Revenue Technology Fund through an administrative fee for notice of lien processing
Sponsor: Cunningham
LR Number: 5863S.01I Fiscal Notes
Committee: Governmental Accountability and Fiscal Oversight
Last Action: 5/13/2016 - Informal Calendar S Bills for Perfection--SB 898-Cunningham Journal Page:
Title: Calendar Position:
Effective Date: August 28, 2016

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Current Bill Summary


SB 898 - This act creates the Department of Revenue Technology Fund and allows no more than twenty-five million dollars unexpended balance at the end of the biennium to be exempt from transfer to the ordinary revenue fund until July 1, 2026. After June 30, 2026, up to two million dollars unexpended balance at the end of the biennium shall be exempt from transfer to the ordinary revenue fund. The Department of Revenue Technology Fund shall be funded with an eight dollar and fifty cent administrative fee to be collected by agents of the Department of Revenue for processing notice of liens on motor vehicles.

This act is substantially similar to HB 2216 (2016).

JESSI BAKER