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STATE OF OKLAHOMA
1st Session of the 60th Legislature (2025)
SENATE BILL 175 By: Woods
AS INTRODUCED
An Act relating to vehicle registration; creating
certain fee to be imposed on certain vehicles;
providing for deposit of certain monies; authorizing
Corporation Commission to promulgate certain rules;
creating the Uninsured Commercial Vehicle Recovery
Reimbursement Fund; stating purpose of fund;
directing certain deposits and expenditures;
providing for codification; providing an effective
date; and declaring an emergency .
BE IT ENACTED BY THE PEOPLE OF THE STATE OF OKLAHOMA:
SECTION 1. NEW LAW A new section of law to be codified
in the Oklahoma Statutes as Section 1120.3 of Title 47, unless there
is created a duplication in numbering, reads as follows:
A. In addition to taxes and fees imposed by the Corporation
Commission pursuant to the provisions of Section 1120 of Title 47 of
the Oklahoma Statutes , the Commission shall impose a fee of One
Hundred Dollars ($100.00) on all vehicles registered under the
International Registration Plan that report mileage in this state.
B. 1. Five percent (5%) of all monies collected through the
fee imposed in subsection A of this section shall be deposited in
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the Uninsured Commercial Vehicle Recovery Reimbursement Fund created
in Section 2 of this act.
2. Ninety-five percent (95%) of all monies collected through
the fee imposed in subsection A of this section shall be deposited
in the Rebuilding Oklahoma Access and Driv er Safety Fund created in
Section 1521 of Title 69 of the Oklahoma Statutes .
C. The Corporation Commission shall promulgate rules to
effectuate the provisions of this section.
SECTION 2. NEW LAW A new section of law to be codified
in the Oklahoma Statutes as Section 1120.4 of Title 47, unless there
is created a duplication in numbering, reads as follows:
There is hereby created in the State Treasury a revolving fund
for the Corporation Commission to be designated the “Uninsured
Commercial Vehicle Recovery Reimbursement Fund ”. The fund shall be
a continuing fund, not subject to fiscal year limitations, and shall
consist of all monies directed to be deposited in the fund pursuant
to Section 1 of this act for the purpose of reimbursing wrecker and
tower operators who provide nonconsensual tow services to uninsured
commercial vehicles. All monies accruing to the credit of the fund
are hereby appropriated and may be budgeted and expended by the
Commission for the purpose provided in this section. Expenditures
from the fund shall be made upon warrants issued by th e State
Treasurer against claims filed as prescribed by law with the
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Director of the Office of Management and Enterprise Services for
approval and payment.
SECTION 3. This act shall become effective July 1, 2025.
SECTION 4. It being immediately necessary for the preservation
of the public peace, health or safety, an emergency is hereby
declared to exist, by reason whereof this act shall take effec t and
be in full force from and after its passage and approval.
60-1-255 MSBB 12/30/2024 12:43:27 PM