Senator Ray Scott,
bill sponsor, presented Senate Bill 21-076. This bill authorizes the General
Assembly to appropriate money from the General Fund or the Highway Users
Tax Fund to fund the electronic system authorized through House Bill 18-1299.
In addition, the bill allows the DOR to set and collect a fee of
up to $3 on third-party transactions. This fee revenue is credited
to the newly created Electronic Transactions Fund. Money in the fund
is subject to annual appropriation to facilitate the implementation of
a third-party vehicle titling and registration system.