Bill
Number: S.B. 1310
Shope
Floor Amendment
Reference
to: printed bill
Amendment
drafted by: Leg Council
FLOOR
AMENDMENT EXPLANATION
1. Requires the Arizona
Department of Transportation (ADOT) to issue real estate professional special
license plates if, by December 31, 2021, a person pays the $32,000
implementation fee.
2. Establishes the Real
Estate Professional Special Plate Fund (Fund) which is to be administered by
the Director of ADOT (Director).
3. Requires the person
paying the $32,000 fee to
design the real estate professional special plates, subject to approval by
ADOT.
4. Allows the Director to
combine a request for a real estate professional special plate with a request
for a personalized special plate.
5. Specifies that, of the
$25 fee required to obtain or renew a real estate professional special plate,
$8 is an administration fee and $17 is an annual donation.
6. Requires ADOT to
deposit all real estate professional special plate administration fees in the
State Highway Fund and all remaining monies into the Fund.
7. Requires the first
$32,000 in the Fund to be reimbursed to the person who paid the initial
implementation fee.
8. Prohibits more than 10
percent of monies in the Fund from being used for administration costs.
9. Requires the Director
to annually allocate monies from the Fund, excluding administrative fees, to a
charitable organization that is qualified as a 501(c)(6) organization that meets outlined
requirements.
10. Requires the State
Treasurer to invest and divest monies in the Fund and monies earned from
investment to be credited to the Fund.
11. Specifies that monies
in the Fund are continuously appropriated.
12. Makes conforming
changes.
Page 1, line 33, strike "28-2469"
insert "28-2470"
Page 2, line 10, strike "28-2469"
insert "28-2470"
Page 3, line
5, strike "section" insert "sections"; after "28-2469"
insert "and 28-2470"
Page 4,
between lines 8 and 9, insert:
"START_STATUTE28-2470. Real estate professional special
plates; fund
A. If,
by December 31, 2021, an entity pays $32,000 to the department for the
implementation of this section, the department shall issue real estate
professional special plates to an applicant who is a member of the
entity. The entity that provides the $32,000 shall design the real
estate professional special plates. The design and color of the real estate
professional special plates are subject to the approval of the
department. The director may allow a request for real estate
professional special plates to be combined with a request for personalized
special plates. If the director allows such a combination, the
request shall be in a form prescribed by the director and is subject to the
fees for the personalized special plates in addition to the fees required for
the real estate professional special plates.
B. Of
the $25 fee required by section 28-2402 for the original special plates
and for renewal of special plates, $8 is a special plate administration fee and
$17 is an annual donation.
C. The
department shall deposit, pursuant to sections 35-146 and 35-147,
all special plate administration fees in the state highway fund established by
section 28-6991 and all donations collected pursuant to this section in
the real estate professional special plate fund established by this section.
D. The
real estate professional special plate fund is established consisting of monies
deposited pursuant to this section. The director shall administer
the fund. The first $32,000 in the fund shall be reimbursed to the
entity that paid the implementation fee to the department pursuant to
subsection A of this section. Not more than ten percent of monies
deposited in the fund annually shall be used for the cost of administering the
fund. Monies in the fund are continuously appropriated.
E. The
director shall annually allocate monies from the fund, excluding administrative
fees, to a charitable organization that is qualified under section 501(c)(6) of the United
States internal revenue code for federal income tax purposes and that all of
the following:
1. Is
a trade association in this state.
2. Represents
more than fifty thousand real estate professionals.
3. Subscribes
to the strict code of ethics outlined by the national association of realtors.
4. Has
members who are active real estate licensees under title 32, chapter 20 and who
include professionals from all areas of real estate, including residential,
commercial, property management, land, appraisal and relocation.
F. The
monies distributed pursuant to subsection E of this section shall be used to
help build and operate affordable supportive housing so more units can be
constructed to meet the growing needs for our communities in this state and
reduce the number of people experiencing homelessness.
G. On
notice from the director, the state treasurer shall invest and divest monies in
the fund as provided in section 35-313, and monies earned from investment
shall be credited to the fund.END_STATUTE"
Page
4, lines 18 and 20, strike "28-2469"
insert "28-2470"
Page
5, line 35, strike "28-2469" insert
"28-2470"
Page
7, line 30, strike "28-2469" insert
"28-2470"
Amend title to conform