0001| SENATE BILL 251
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0002| 43rd legislature - STATE OF NEW MEXICO - first session, 1997
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0003| INTRODUCED BY
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0004| CISCO MCSORLEY
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0008|
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0009|
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0010| AN ACT
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0011| RELATING TO MOTOR VEHICLES; PROVIDING FEES FOR SPECIAL
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0012| COLLEGIATE PLATES; PROVIDING FOR DISPOSITION OF REVENUE;
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0013| AUTHORIZING SOUVENIR SAMPLE PLATES; AMENDING SECTION 66-3-416
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0014| NMSA 1978 (BEING LAWS 1989, CHAPTER 360, SECTION 1); MAKING AN
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0015| APPROPRIATION.
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0016|
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0017| BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF NEW MEXICO:
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0018| Section 1. Section 66-3-416 NMSA 1978 (being Laws 1989,
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0019| Chapter 360, Section 1) is amended to read:
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0020| "66-3-416. SPECIAL COLLEGIATE REGISTRATION PLATE--
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0021| PROCEDURES--FEE.--
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0022| A. The division shall establish and issue special
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0023| collegiate registration plates in accordance with the
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0024| provisions of this section and shall adopt and promulgate
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0025| procedures for application for and issuance of such special
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0001| collegiate registration plates for any private motor vehicle
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0002| except a motorcycle.
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0003| B. [Any state-supported higher educational
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institution in New Mexico] New Mexico state university, the
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0005| university of New Mexico, New Mexico highlands university, New
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0006| Mexico institute of mining and technology, eastern New Mexico
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0007| university or western New Mexico university may request that
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0008| the division issue a special collegiate registration plate for
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0009| that institution. Upon that request, the division, with the
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0010| advice and consultation of the higher educational institution,
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0011| shall determine the color and design of the registration plate
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0012| and provide for its issuance. No personalized or vanity design
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0013| variation of the special collegiate registration plates shall
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0014| be issued.
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0015| C. For a fee of [thirty-five dollars ($35.00)]
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0016| thirty dollars ($30.00), which fee shall be in addition to
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0017| the regular motor vehicle registration fees, any owner of a
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0018| motor vehicle may apply for the issuance of a special
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0019| collegiate registration plate. The owner of a motor vehicle
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0020| shall apply and pay a ten dollar ($10.00) fee each year that
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0021| he wishes to retain and renew his special collegiate
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0022| registration plate.
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0023| D. The revenue from the special collegiate
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0024| registration plates shall be distributed as follows:
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0025| (1) ten dollars ($10.00) of the initial fee
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0001| collected for each registration plate shall be [retained by
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the division in the seventy-eighth and seventy-ninth fiscal
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years and is appropriated to the division for the manufacture
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and issuance of the registration plates. Thereafter, that
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amount of each fee shall be] paid to the state treasurer for
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0006| credit to the motor vehicle suspense fund for distribution in
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0007| accordance with Section 66-6-23 NMSA 1978; and
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0008| (2) [twenty-five dollars ($25.00)] twenty
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0009| dollars ($20.00) of the initial fee and all of the renewal
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0010| fee collected for each registration plate shall be distributed
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0011| to the higher educational institution for which the
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0012| registration plate is issued.
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0013| E. Souvenir sample registration plates may be sold
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0014| by the higher educational institution for a fee of ten dollars
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0015| ($10.00). Revenues from the sale of the sample plates shall be
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0016| credited to the alumnae scholarship fund of that institution.
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0017| [E.] F. Revenues received by each higher
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0018| educational institution from special collegiate registration
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0019| plate fees are appropriated to the higher educational
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0020| [institutions] institution to [carry out any purpose] be
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0021| credited to the alumnae scholarship fund of that institution."
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0022|
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