This bill amends section 57-40.3-10 of the North Dakota Century Code, which pertains to the allocation of motor vehicle excise tax revenues. The current law specifies that after certain deposits, the collected moneys must be allocated to the general fund and the flexible transportation fund. The proposed changes remove the previous allocation structure, which designated fifty percent of the funds to the general fund and the remaining fifty percent to the flexible transportation fund. Instead, the bill stipulates that all collected funds will be allocated to the flexible transportation fund under section 24-02-37.3.

The effective date for this amendment is set for motor vehicle excise tax collections transmitted to the state treasurer after July 31, 2025. This change aims to streamline the allocation process and direct all excise tax revenues to the flexible transportation fund, potentially enhancing funding for transportation-related projects in North Dakota.

Statutes affected:
INTRODUCED: 57-40.3-10
Prepared by the Legislative Council staff for Senator Rummel: 57-40.3-10
FIRST ENGROSSMENT: 57-40.3-10