The proposed bill would amend current statutes regarding the Motorcycle Safety Fund by removing the expiration date of June 30, 2025, which currently limits the deposit of $1 from each motorcycle registration fee into the Fund. This change would ensure that the deposit continues indefinitely. Additionally, the bill introduces new provisions that require any fees or assessments collected and deposited into the Fund to be held in trust, stipulating that the Fund's monies can only be used for purposes prescribed by statute and cannot be appropriated for general state operations.

Furthermore, the bill clarifies that the Fund's resources are exempt from legislative appropriation for general state obligations, reinforcing the protection of these funds for their intended use. The new language also specifies that this act would apply retroactively to June 30, 2025, ensuring that the changes take effect immediately upon enactment.

Statutes affected:
Introduced Version: 28-2010
Senate Engrossed Version: 28-2010
Chaptered Version: 28-2010