If enacted, this bill would amend current statutes regarding the Motorcycle Safety Fund by removing the expiration date of July 1, 2025, which currently limits the deposit of $1 from each motorcycle registration fee into the Fund. The bill would ensure that this deposit continues indefinitely, thereby securing ongoing funding for motorcycle safety initiatives. Additionally, it would establish that any fees or assessments collected for the Fund must be held in trust and can only be used for purposes specified by law, preventing the legislature from appropriating these funds for general state operations.

Furthermore, the bill clarifies that the Fund's monies are exempt from lapsing and cannot be used to meet the obligations of the state General Fund. It also includes a provision that the act applies retroactively to June 30, 2025, ensuring that the changes take effect immediately upon passage. Overall, these updates aim to enhance the financial stability and intended use of the Motorcycle Safety Fund.

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