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 specific allocation of fifty percent to the general fund and the remaining fifty percent to the flexible transportation fund, and instead, it establishes that the 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 ensure that the funds are directed specifically to the flexible transportation fund, potentially enhancing transportation infrastructure and services 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