45th legislature - STATE OF NEW MEXICO - second session, 2002

RELATING TO MOTOR VEHICLES; CREATING SPECIAL REGISTRATION PLATES FOR THE NEW MEXICO HIGH SCHOOL RODEO ASSOCIATION; ESTABLISHING A FEE; ENACTING A SECTION OF THE NMSA 1978.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF NEW MEXICO:

Section 1. A new section of Chapter 66, Article 3 NMSA 1978 is enacted to read:

"[NEW MATERIAL] SPECIAL REGISTRATION PLATES--NEW MEXICO HIGH SCHOOL RODEO ASSOCIATION.--

A. The division shall establish and issue special New Mexico high school rodeo association registration plates in accordance with the provisions of this section and shall adopt and promulgate procedures for application for and issuance of such special New Mexico high school rodeo association registration plates.

B. For a fee of ten dollars ($10.00), which fee shall be in addition to the regular motor vehicle registration fees, any owner of a motor vehicle may apply for the issuance of a special New Mexico high school rodeo association registration plate. The owner of a motor vehicle shall apply and pay a fee each year that he wishes to retain and renew his special New Mexico high school rodeo association registration plate.

C. The revenue from the special New Mexico high school rodeo association registration plates shall be distributed as follows:

(1) ten dollars ($10.00) of the fee collected for each registration plate shall be retained by the division in fiscal year 2003 and is appropriated to the division for the manufacture and issuance of the registration plates; and

(2) thereafter, that amount of each fee shall be paid to the state treasurer for credit to the motor vehicle suspense fund for distribution in accordance with Section 66-6-23 NMSA 1978."

Section 2. EFFECTIVE DATE.--The effective date of the provisions of this act is July 1, 2002.