ENGR. S. B. NO. 781 Page 1 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 ENGROSSED SENATE BILL NO. 781 By: Hall of the Senate and Pfeiffer of the House An Act relating to apportionments; amending 47 O.S. 2021, Section 1104, as amended by Se ction 1, Chapter 363, O.S.L. 2022 (47 O.S. Supp. 2022, Section 110 4), which relates to apportionment of fees, taxes , and penalties collected; requiring certain monthly reporting; and declaring an emergency. BE IT ENACTED BY THE PEOPLE OF THE ST ATE OF OKLAHOMA: SECTION 1. AMENDATORY 47 O.S. 2021, Section 1104, as amended by Section 1, Chapter 363, O.S.L. 2022 (47 O.S. Supp. 2022, Section 1104), is amended to read as follows: Section 1104. A. Unless otherwise provided by law, all fees, taxes and penalties collected or received purs uant to the Oklahoma Vehicle License and Registration Act or Section 1 -101 et seq. of this title shall be apportioned and distributed mont hly by the Oklahoma Tax Commission in accordance with this section. Service Oklahoma shall provide to the Oklahoma Tax Comm ission monthly reports of motor vehicle collection information, including, but not limited to, motor vehicle monthly apportionment information, refunds, cancelled vouchers, waste tire col lections, organ donor program amounts, driver license records, prorat e amounts, and sales ENGR. S. B. NO. 781 Page 2 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 tax amounts. The reports shall be delivered electronica lly pursuant to the current calendar year apportionment disbursement schedule provided to Service Oklahoma by the Oklahoma Tax Commission on or before December 1st annually. B. 1. The following percentages of the monies referred to in subsection A of this section shall be apportioned to the various school districts in accordance with paragraph 2 of this subs ection: a. from October 1, 2000, until June 30, 2001, thirty-five and forty-six one-hundredths percent (35.46%), b. for the year beginning July 1, 2001, and ending June 30, 2002, thirty-five and ninety-one one-hundredths percent (35.91%), c. for the year beginning July 1, 2002, through the year ending on June 30, 2015, thi rty-six and twenty one- hundredths percent (36.20%), d. for the year beginning July 1, 2015, through the year ending on June 30, 2019, thirty -six and twenty one- hundredths percent (36.20%), but in no event shall the amount apportioned in any fiscal year pur suant to this subparagraph exceed the total amount apportioned for the fiscal year ending on June 30 , 2015. Any amounts in excess of such limi tation shall be placed to the credit of the General Revenue Fund, and ENGR. S. B. NO. 781 Page 3 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 e. for the year beginning July 1, 2019, and all subsequent years, thirty-six and twenty one-hundredths percent (36.20%), but in no event shall the amount apportioned in any fiscal year p ursuant to this subparagraph exceed the total amount apportioned for the fiscal year ending on June 30, 2015 . Any amounts in excess of such limitation shall be placed to the credit of the Rebuilding Oklahoma Acce ss and Driver Safety Fund created in Sectio n 1521 of Title 69 of the Oklahoma Statutes. 2. The monies apportioned pursuant to subparagraphs a through e of paragraph 1 of this subsection shall be apportioned to the various school districts so that each dis trict shall receive an amount based upon th e proportion that each district ’s average daily attendance bears to the total average daily attendance of those districts entitled to receive funds pursuant to this section as certified by the State Department of Education. Each district’s allocation of funds shall be remitted to the county treasurer of the county wherein the administrative headquarters of the distri ct are located. No district shall be eligible for the funds herein provided unless the district make s an ad valorem tax levy of fifteen (15) mills and maintains nine (9) years of instructi on and pursuant to ENGR. S. B. NO. 781 Page 4 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 the rules of the State Board of Education, is aut horized to maintain ten (10) years of instruction. C. The following percentages of the monies refer red to in subsection A of this section shal l be remitted to the State Treasurer to be credited to the General Revenue Fund of the State Treasury: 1. From October 1, 2000, until June 30, 2001, forty-five and ninety-seven one-hundredths percent (45.97%); 2. For the year beginning July 1, 2001, and ending June 30, 2002, forty-five and twenty-nine one-hundredths percent (45.29%); 3. For the year beginning July 1, 2002, and for the subsequent fiscal years ending June 30, 2007, forty -four and eighty-four one- hundredths percent (44.84%); 4. For the year beginning July 1, 2007, and ending June 30, 2008, thirty-nine and eighty-four one-hundredths percent (39.84%); 5. For the year beginning July 1, 2008, and ending June 30, 2009, thirty-four and eighty-four one-hundredths percent (34.84%); 6. For the period beginning July 1, 2009, and ending Decemb er 31, 2012, twenty-nine and eighty-four one-hundredths percent (29.84%); 7. For the period beginning January 1, 2013, and ending June 30, 2013, twenty-nine and thirty-four one-hundredths percent (29.34%); ENGR. S. B. NO. 781 Page 5 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 8. For the year beginning July 1, 2013, and endi ng June 30, 2014, twenty-six and eighty-four one-hundredths percent (26.84%); and 9. For the year beginning July 1, 2014, through the year end ing June 30, 2019, twenty -four and eighty-four one-hundredths percent (24.84%). D. The following percentages of the monies referred to in subsection A of this section shall be remi tted to the State Treasurer to be credited to the State Transportation Fund : 1. From October 1, 2000, until June 30, 2001, thirty one - hundredths percent (0.30%); 2. For the year beginnin g July 1, 2001, through the year ending on June 30, 2015, thirty -one one-hundredths percent (0.31%); 3. For the year beginning July 1, 2015, t hrough the year ending on June 30, 2019, thirty -one one-hundredths percent (0.31%), but in no event shall the amo unt apportioned in any fiscal year pursuant to this paragraph exceed the total amount apportioned for the fiscal year ending on June 30, 2015 . Any amounts in excess of such limitation shall be placed to the cre dit of the General Revenue Fund; and 4. For the year beginning July 1, 2019, and all subsequent years, thirty-one one-hundredths percent (0.31%), but in no event shall the amount apportio ned in any fiscal year pu rsuant to this paragraph exceed the total a mount apportioned for the fiscal year ENGR. S. B. NO. 781 Page 6 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 ending on June 30, 2015. Any amounts in excess of such limitation shall be placed to the credit of the Rebuilding Oklahoma Access and Driver Safety Fund created in Section 15 21 of Title 69 of the Oklahoma Statutes. E. 1. The following percentages of the monies referred to in subsection A of this section shall be apportioned to the various counties as set forth in paragraph 2 of this subsection: a. from October 1, 2000, until June 30, 2001, seven and nine one-hundredths percent (7.09%), b. for the year beginning July 1, 2001, and ending June 30, 2002, seven and eighteen one-hundredths percent (7.18%), c. for the year beginning July 1, 2002, thr ough the year ending on June 30, 2015, seven and twenty -four one- hundredths percent (7.24%), d. for the year beginning July 1, 2015, through the year ending on June 30, 2019, seven and twenty-four one- hundredths percent (7.24%), but in no event shall the amount apportioned in any fiscal y ear pursuant to this subparagraph exceed th e total amount apportioned for the fiscal year ending on June 30, 2015. Any amounts in excess of such limitation shall be placed to the credit of the General Revenue Fund, and ENGR. S. B. NO. 781 Page 7 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 e. for the year beginning July 1, 20 19, and all subsequent years, seven and twe nty-four one-hundredths percent (7.24%), but in no event shall the amount apportioned in any fiscal year pursuant to this subparagraph exceed the total amount apportioned for the fiscal year ending on June 30, 201 5. Any amounts in excess of such limitatio n shall be placed to the credit of the Rebuilding Oklahoma Access and Driver Safety Fund created in Section 1521 of Title 69 of the Oklahoma Statutes. 2. The monies apportioned pu rsuant to subparagraphs a through e of paragraph 1 of this subsection shall be apportioned as follows: forty percent (40%) of such sum shall be distributed to the various counties in that proportion which the county road mileage of each county bears to the entire state road mileage as cer tified by the Transportation Commission and the remaining sixty percent (60%) of such sum shall be distributed to the various counties on the basis which the population and area of each county bears to the total population and area of the state . The population shall be as shown by the last Federal Census or the most recent annual est imate provided by the United States Bureau of the Census. The funds shall be used for the purpose of constructing and maintaining county highways; provided, however, the count y treasurer may deposit so much of the funds in the sinking fund as may be neces sary for the ENGR. S. B. NO. 781 Page 8 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 retirement of interest and annual accrual of indebtedness created by the issuance of county or township bonds for road purposes . Such deposits to the sinking fund shall not exceed forty percent (40%) of the funds allocated to a county pursuan t to this paragraph. F. 1. The following percentages of the monies referred to in subsection A of this section shall be remitted to the count y treasurers of the respective co unties and by them deposited in a separate special revenue fund to be used by th e county commissioners in accordance with paragraph 2 of this subsection: a. from October 1, 2000, until June 30, 2001, two and fifty-three one-hundredths percent (2.53%), b. for the year beginning July 1, 2001, and end ing June 30, 2002, two and fifty -six one-hundredths percent (2.56%), c. for the year beginning July 1, 2002, through the year ending on June 30, 2015, two and fifty-nine one- hundredths percent (2.59%), d. for the year beginning July 1, 2015, through the ye ar ending on June 30, 2019, two and f ifty-nine one- hundredths percent (2.59%), but in no event shall the amount apportioned in any fiscal year pursuant to this subparagraph exceed the total amount apportioned for the fiscal year ending on June 30, 2015 . Any amounts ENGR. S. B. NO. 781 Page 9 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 in excess of such limitati on shall be placed to the credit of the General Revenue Fund, and e. for the year beginning July 1, 2019, and all subsequent years, two and fif ty-nine one-hundredths percent (2.59%), but in no event shall the amount apportioned in any fiscal year pursuant to this subparagraph exceed the total amount apportioned for the fiscal year ending on June 30, 2015. Any amounts in excess of such limitation shall be placed to the credit of the Rebuilding Oklahoma Access and Driver Safety Fund created in Section 1521 o f Title 69 of the Oklahoma Statutes. 2. The monies apportioned pursuant to subparagraphs a through e of paragraph 1 of this subsection shall b e used for the primary purpose of matching federal funds for the constructio n of federal aid projects on county r oads, or constructing and maintaining county or township highways and permanent bridges of such counties. The distribution of monies apportion ed by this paragraph shall be mad e upon the basis of the current formula bas ed upon road mileage, area and population as related to county road improvement and maintenance costs. Provided, however, the Department of Transportation may update the formula f actors from time to time as neces sary to account for changing conditions. ENGR. S. B. NO. 781 Page 10 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 G. 1. The following percentages of th e monies referred to in subsection A of this section shall be transmitted by the Tax Commission to the various counties as set forth in paragra ph 2 of this subsection: a. from October 1, 2000, until June 30, 2001, three and fifty-five one-hundredths percent (3.55%), b. for the year beginning July 1, 2001, and ending June 30, 2002, three and fifty-nine one-hundredths percent (3.59%), c. for the year beginning July 1, 2002, throug h the year ending on June 30, 2015, three a nd sixty-two one- hundredths percent ( 3.62%), d. for the year beginning July 1, 2015, through the year ending on June 30, 2019, three and sixty-two one- hundredths percent (3.62%), b ut in no event shall the amount apportioned in any fiscal year pursuant to t his subparagraph exceed the total amo unt apportioned for the fiscal year ending on June 30, 2015. Any amounts in excess of such limitation shall be placed to the credit of the General Revenue Fund, and e. for the year beginning July 1, 2019, and all subsequent years, three and sixty-two one-hundredths percent (3.62%), but in no event shall the amount apportioned in any fiscal year pursuant to this ENGR. S. B. NO. 781 Page 11 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 subparagraph exceed the total amou nt apportioned for the fiscal year ending on June 30, 2015 . Any amounts in excess of such limitation shall be pl aced to the credit of the Rebuilding Oklahoma Access and Driver Safety Fund created in Section 1521 of Title 69 of the Oklahoma Statutes. 2. The monies apportioned pursuant to subparagraphs a through e of paragraph 1 of this subsection shall be transmitte d to the various counties on the basis of a formula to be developed by the Department of Transportation. Such formula shall be similar to that currently used for the distribut ion of County Bridge Program Funds, but also taking into consideration the effec t of terrain and traffic volume as related to county road improvement and maintenance costs. Provided, however, the Department of Transportati on may update the formula factors from time to time as necessary to account for changing conditions. The funds shall be transmitted to the various county treasurers to be deposited in the county highway fund of their respective counties. H. 1. The following percentages of the monies re ferred to in subsection A of this section s hall be apportioned to the various counties as set forth in paragraph 2 of this subsection: a. from October 1, 2000, until June 30, 2001, eighty-one one-hundredths percent (0.81%), ENGR. S. B. NO. 781 Page 12 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 b. for the year beginning July 1 , 2001, and ending June 30, 2002, eighty-two one-hundredths percent (0.82%), c. for the year beginning July 1, 2002, through the year ending on June 30, 2015, eighty-three one-hundredths percent (0.83%), d. for the year beginning July 1, 2015, through the year ending on June 30, 2019, eighty -three one-hundredths percent (0.83%), but in no event shall the amount apportioned in any fiscal year pursuant to this subparagraph exceed the total amount apportioned for the fiscal year ending on June 30, 2015 . Any amounts in excess of such limitation shall b e placed to the credit of the General Revenue Fund, and e. for the year beginning July 1, 2019, and all subsequent years, eighty-three one-hundredths percent (0.83%), but in no eve nt shall the amount apportioned in any fiscal year pursuant to this subparag raph exceed the total amount appo rtioned for the fiscal year ending on June 30, 2015. Any amounts in excess of such limitation shall be placed to the credit of the Rebuilding Oklahoma Access and Driver Safety Fun d created in Section 1521 of Title 69 of th e Oklahoma Statutes. ENGR. S. B. NO. 781 Page 13 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 2. The monies apportioned pursuant to subparagraphs a through e of paragraph 1 of this subsection shall be apportioned to the various counties based upon the proportion that each county ’s population bears to the total state population . Each county’s allocation of funds shall be remitted to the various county treasurers to be deposited in the general fund of the county and used for the support of county governme nt. I. 1. The following percent ages of the monies referred to in subsection A of this section shall be a pportioned to the various cities and incorporated towns as set forth in paragraph 2 of this subsection: a. from October 1, 2000, until June 30, 2001, three and four one-hundredths percent (3.04%), b. for the year beginning Jul y 1, 2001, and ending June 30, 2002, three and eight one-hundredths percent (3.08%), c. for the year beginning July 1, 2002, through the year ending on June 30, 2015, three and ten one-hundredths percent (3.10%), d. for the year beginning July 1, 2015, thr ough the year ending on June 30, 2019, three and ten one-hundredths percent (3.10%), but in no event shall the amount apportioned in any fiscal year pursuant to this subparagraph exceed the total amount apportione d for ENGR. S. B. NO. 781 Page 14 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 the fiscal year ending on June 30, 20 15. Any amounts in excess of such limitation shall be placed to the credit of the General Revenue Fund, and e. for the year beginning July 1, 2019, and all subsequent years, three and ten one-hundredths percent (3.10%), but in no event shall the amount ap portioned in any fiscal year pursuant to this subparagraph exceed the total amount apportioned for the fiscal year ending on June 30, 2015. Any amounts in excess of such limitation shall be placed to the credit o f the Rebuilding Oklahoma Access and Driver Safety Fund created in Section 1521 of Title 69 of the Oklahoma Statutes. 2. The monies apportioned pursuant to subparagraphs a through e of paragraph 1 of this subsection shall be apportioned to the various cities and incorporated towns based upon the p roportion that each city or incorporated town’s population bears to the total population of all cities and incorporated towns in the state. Such funds shall be remitted to the var ious county treasurers for allocation to the various cities and incorporated towns. All such funds shall be used for the construction, maintenance, repair, improvement and lighting of streets and alleys. Provided, however, the governing board of any city or town may, with the approval o f the county excise board, transfer any sur plus funds to the general ENGR. S. B. NO. 781 Page 15 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 revenue fund of such city or town whenever an emergency requires such a transfer. J. The following percentages of the monies referred to in subsection A of this section shall be remitted to the State Treasurer to be credited to t he Oklahoma Law Enforcement Retirement Fund: 1. From October 1, 2000, until June 30, 2001, one and twenty- two one-hundredths percent (1.22%); 2. For the year beginning July 1, 20 01, and ending June 30, 2002, one and twenty-three one-hundredths percent (1 .23%); and 3. For the year beginning July 1, 2002, and all subsequent years, one and twenty-four one-hundredths percent (1.24%). K. Three one-hundredths of one percent (3/100 of 1%) of the monies referred to in subsection A of this section shall be remit ted to the State Treasurer to be credited to the Wildlife Conservation Fund. Seventy-five percent (75%) of the funds shall be used for fish habitat restoration and twenty -five percent (25%) of the funds shall be used in the fish hatchery system for fish p roduction. L. 1. For the year beginning July 1, 2007, and ending June 30, 2008, five percent (5%) of monies referred to in subsection A of this section shall be remitted to the S tate Treasurer to be credited to the County Improvements for Roads and Bridg es Fund as created in Section 507 of Title 69 of the Oklahoma Statutes. ENGR. S. B. NO. 781 Page 16 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 2. For the year beginning July 1, 2008, and ending June 30, 2009, ten percent (10%) of monies referred to i n subsection A of this section shall be remitted to the State Treasurer to b e credited to the County Improvements for Roads and Bridges Fund as created in Section 507 of Title 69 of the Oklahoma Statutes. 3. For the period beginning July 1, 2009, and endi ng December 31, 2012, fifteen per cent (15%) of monies referred to in subsect ion A of this section shall be remitt ed to the State Treasurer to be credited to the County Improvements for Roads and Bridges Fund as created in Section 507 of Title 69 of the Okl ahoma Statutes. 4. For the period beginning January 1, 2013, and ending Jun e 30, 2013, fifteen and fifty one-hundredths percent (15.50%) of monies referred to in subsection A of this section shall be remitted to the State Treasurer to be credited to the C ounty Improvements for Roads and Bridges Fund as created in Section 507 of T itle 69 of the Oklahoma Statutes. 5. For the year beginning July 1, 2013, and ending June 30, 2014, eighteen percent (18%) of monies referred to in subsection A of this section shall be remitted to the State Trea surer to be credited to the County Improvem ents for Roads and Bridges Fund as created in Section 507 of Title 69 of the Oklahoma Statutes. 6. For the year beginning July 1, 2014, twenty percent (20%) of monies referred to in subsection A of this section s hall be remitted to the State Treasurer to be credited to the County Improvement s for ENGR. S. B. NO. 781 Page 17 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 Roads and Bridges Fund as created in Section 507 of Title 69 of the Oklahoma Statutes. 7. For the year beginning July 1, 2015, through t he year ending on June 30, 2019, twenty percent (20%) of monies referred to in subsection A of this section shall be remitted to the State Treasurer to be credited to the County Improvements for Roads and Bridges Fund as created in Section 507 of Title 69 of the Oklahoma Statutes, but in no event shall the total amount apportioned in any fiscal year pursuant to this paragraph exceed One Hundred Twenty Million Dollars ($120,000,000.00). Any amounts in excess of One Hundred Twenty Million Dollars ($120,000,0 00.00) shall be placed to the credit of the General Revenue Fund. 8. a. Except as provided in subparagraph b of t his paragraph, for the year beginning July 1, 2019, and all subsequent years, twenty percent (20%) of monies referred to in subsection A of thi s section shall be remitted to the State Treasurer to be credited to the County Improvements for Roads and Bridge s Fund as created in Section 507 of Title 69 of the Oklahoma Statutes, but in no event shall the total amount apportioned in any fiscal year pu rsuant to this paragraph exceed the fiscal year limitation s provided in subparagraph c of this paragraph. Any amounts in excess of the fiscal year limitations provided in ENGR. S. B. NO. 781 Page 18 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 subparagraph c of this paragraph shall be placed to the credit of the Rebuilding Oklahoma A ccess and Driver Safety Fund created in Section 1521 of Title 69 of the Oklahoma Statutes, b. (1) for the fiscal year beginning July 1, 2021, through the fiscal year ending June 30, 2026, the Oklahoma Tax Commission shall remit twenty-five percent (25%) of the monthly allocati on, otherwise scheduled to be credited to the County Improvements for Roads and Bridges Fu nd, to the various counties of the state. The Commission shall distribute such funds monthly to each county treasurer as follows: (a) one-third (1/3) of such funds shall be distributed to the various counties in the proportion which the area of each county bears to the total area of the state, (b) one-third (1/3) of such funds shall be distributed to the various counties in the proportion which the certified county road miles of each county bear to the total sum of county road miles in the state, and (c) one-third (1/3) of such funds shall be distributed to the various counties in the ENGR. S. B. NO. 781 Page 19 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 proportion which the total replacement cost for obsolete or deficient bridges accordi ng to the most recent ODOT yearly Bridge Summary Report for County Bridges for each county bears to the total amount of such cost for all such county bridges in the state, and (2) for the fiscal year beginning July 1, 2026, and all subsequent fiscal years thereafter, the Oklahoma Tax Commission shall remit twenty-five percent (25%) of the month ly allocation, otherwise scheduled to be credited to the County Improvements for Roads and Bridges Fund, to the various counties of the state . The Commission shall distribute such funds monthly to each county treasurer as follows: (a) one-third (1/3) of such funds shall be distributed to the various counties in the proportion which the area of each county bears to the total area of the state, (b) one-third (1/3) of such funds shall be distributed to the various counties in the proportion which the certif ied county road ENGR. S. B. NO. 781 Page 20 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 miles of each county bear to the total sum of county road miles in the state, and (c) one-third (1/3) of such funds shall be distributed to the various counties in the proportion which the number of county bridges in each county according to the ODOT 2020 Bridge Summary Report for County Bridges bears to the total su m of county bridges in the state according to such report. Each county treasurer shall dep osit such funds to the county’s county highway fund and such funds shall be used for maintenance and operations. In no event shall the total amount apportioned in any fiscal year pursuant to the provisions of subparagraphs a and b of this paragraph exceed the fiscal year limitation s provided in subparagraph c of this paragraph, and c. the total amount apportioned each fiscal year pursuant to this paragraph shall be limited as follows: (1) for fiscal years 2020 through 2022 $120,000,000.00, (2) for fiscal year 2023 $125,000,000.00, (3) for fiscal year 2024 $130,000,000.00, (4) for fiscal year 2025 $135,000,000.00, ENGR. S. B. NO. 781 Page 21 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 (5) for fiscal year 2026 $140,000,000.00, (6) for fiscal year 2027 $145,000,000.00, (7) for fiscal year 2028 and all subsequent fiscal years thereafter $150,000,000.00. M. Twenty-four and eighty-four one-hundredths percent (24.84%) of the monies referred to in subsection A of this section shall be remitted to the State Treasurer to be credited to the Rebuilding Oklahoma Access and Drive r Safety Fund created in Section 1521 of Title 69 of the Oklahoma Statutes. N. Monies allocated to counties by this section may be estimated by the county excise board in the budget for the county as anticipated revenue to the extent of ninety percent (90 %) of the previous year’s income from such source; provided, not more than fifteen percent (15%) can be encum bered during any month. O. Notwithstanding any other provisions of this section, for the fiscal year beginning July 1, 2003, the first One Hundred Thousand Dollars ($100,000.00) of the monies collected or r eceived by the Tax Commission pursuant to the reg istration of motorcycles and mopeds in this state shall be placed t o the credit of the Oklahoma Tax Commission Revolving Fund. SECTION 2. It being immediately necessary for the preservation of the public peace, health or safety, an emergency is hereby ENGR. S. B. NO. 781 Page 22 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 declared to exist, by re ason whereof this act shall take effect and be in full force from and after its passage an d approval. Passed the Senate the 23rd day of February, 2023. Presiding Officer of the Senate Passed the House of Representatives the ____ day of __________, 2023. Presiding Officer of the House of Representatives