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

SB 73 amends Oklahoma's vehicle license fee distribution rules to cap the percentage of funds apportioned to school districts at the level established for the 2015 fiscal year (ending June 30, 2015). For fiscal years beginning July 1, 2019, and later, school districts will continue to receive 36.20% of vehicle registration fees, but the total amount cannot exceed what was distributed in 2015. Any excess funds above this cap will be directed to the Rebuilding Oklahoma Access and Driver Safety Fund instead of school districts. This bill directly affects school districts that receive vehicle registration fee distributions under Oklahoma law.