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2017 Session

Budget Amendments - SB900 (Committee Approved)

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End Partial Year Motor Vehicle Registration Refunds

Item 442 #1s

Item 442 #1s

First Year - FY2017 Second Year - FY2018
Transportation
Department of Motor Vehicles FY2017 $0 FY2018 $3,200,000 NGF

Language
Page 431, line 28, strike "$178,585,157" and insert "$181,785,157".

Page 433, following line 25, insert:

"N. Notwithstanding §46.2-688, Code of Virginia, the Department of Motor Vehicles shall not be required to refund a proration of the total cost of a motor vehicle registration when less than a year remains in the registration period. The annual savings, estimated to be $3,200,000 each year, shall be retained by the Department and used to meet the expenses of the Department.".



Explanation

(This amendment removes the requirement that partially used registrations be refunded, if fewer than 12 months remain in the registration period.)