SENATE BILL 405
53rd legislature - STATE OF NEW MEXICO - first session, 2017
INTRODUCED BY
Carroll H. Leavell and Gay G. Kernan
AN ACT
RELATING TO LICENSE PLATES; CREATING A SPECIAL LICENSE PLATE RECOGNIZING LEA COUNTY AS A GEOGRAPHIC REGION, KNOWN AS AN ENERGYPLEX, THAT IS AMONG THE NATIONAL LEADERS IN ENERGY MINERAL PRODUCTION.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF NEW MEXICO:
SECTION 1. A new section of the Motor Vehicle Code is enacted to read:
"[NEW MATERIAL] SPECIAL RECOGNITION OF LEA COUNTY AS AN ENERGYPLEX REGISTRATION PLATE.--
A. The department shall issue a standardized special registration plate with a logo specified in Section 66-3-424 NMSA 1978 indicating that the recipient wishes to recognize Lea county as a geographic region, known as an energyplex, that is among the national leaders in energy mineral production.
B. For a fee of twenty-five dollars ($25.00), which shall be in addition to the regular motor vehicle registration fees, a motor vehicle owner who wishes to recognize Lea county as an energyplex may apply for the issuance of a special registration plate as provided in Subsection A of this section. No two owners shall be issued identically lettered or numbered registration plates.
C. The twenty-five-dollar ($25.00) fee provided in Subsection B of this section shall be waived for each registration period in which a validating sticker is issued under the provisions of Section 66-3-17 NMSA 1978, in lieu of the issuance of a recognition of Lea county as an energyplex special registration plate.
D. The revenue from the recognition of Lea county as an energyplex special registration plate fee imposed by Subsection B of this section shall be distributed as follows: (1) ten dollars ($10.00) of the fee collected for each registration plate shall be retained by the department and is appropriated to the department for the manufacture and issuance of the registration plates; and
(2) fifteen dollars ($15.00) of the fee collected for each registration plate shall be distributed to the economic development department for projects developed under the Local Economic Development Act."