Transportation; Oklahoma Vehicle License and Registration Act collections; limiting certain apportionment to certain amount. Effective date. Emergency.

SB 73 caps the amount of Oklahoma Vehicle License and Registration Act collections that can be apportioned to school districts at the level allocated for the fiscal year ending June 30, 2015. For fiscal years beginning July 1, 2019, and later, the percentage for school districts remains at 36.20%, but any amount exceeding the 2015 apportionment is redirected to the Rebuilding Oklahoma Access and Driver Safety Fund. This change directly affects how vehicle registration revenue is distributed between school districts and the state fund. The bill takes effect immediately as an emergency measure.