AN ACT TO AMEND SECTIONS 27-19-99 AND 27-19-155, MISSISSIPPI CODE OF 1972, TO PROVIDE THAT OF THE MOTOR VEHICLE REGISTRATION AND TAG FEES RECEIVED BY THE DEPARTMENT OF REVENUE, THE PORTION OF THE RECEIPTS EQUAL TO THE COST OF LICENSE TAGS, DECALS AND ASSOCIATED FREIGHT COSTS SHALL BE DEPOSITED INTO THE DEPARTMENT OF REVENUE LICENSE TAG ACQUISITION FUND; TO AMEND SECTION 27-19-179, MISSISSIPPI CODE OF 1972, TO PROVIDE THAT MONIES IN THE DEPARTMENT OF REVENUE LICENSE TAG ACQUISITION FUND MAY BE USED BY THE DEPARTMENT OF REVENUE FOR THE PURPOSE OF PAYING THE COSTS INCURRED FOR PURCHASING LICENSE TAGS AND DECALS AND ASSOCIATED FREIGHT COSTS; TO PROVIDE THAT ALL UNEXPENDED AMOUNTS REMAINING IN THE FUND ABOVE THE SUM OF $500,000.00 AT THE END OF EACH FISCAL YEAR SHALL LAPSE INTO THE STATE GENERAL FUND; TO AMEND SECTION 27-104-205, MISSISSIPPI CODE OF 1972, TO DELETE THE REQUIREMENT THAT THE DEPARTMENT OF REVENUE LICENSE TAG FORMATIONS BE FUNDED BY APPROPRIATION OF THE LEGISLATURE FROM THE STATE GENERAL FUND; AND FOR RELATED PURPOSES.

Statutes affected:
As Introduced: 27-104-205
Committee Substitute: 27-19-99, 27-104-205
As Passed by the House: 27-19-99, 27-104-205
Approved by the Governor: 27-19-99, 27-104-205