(A) The Department of Motor Vehicles shall charge fifteen dollars for: (1) the issuance of a certificate of title; (2) the transfer of a certificate of title; (3) the issuance of a duplicate certificate of title; or (4) the establishment, modification, or revocation of Transfer on Death beneficiaries pursuant to Section 62-6-401. (B) Five dollars of the fee contained in this section must be placed in a special earmarked account by the Comptroller General and must be distributed in the following manner: (1) the first one million dollars must be credited to the general fund of the State to offset a portion of state individual income tax revenue not collected pursuant to the subsistence allowance allowed pursuant to Section 12-6-1140(6); and (2) the remainder must be allocated to the Department of Public Safety and used to support highway patrol programs. (C) Notwithstanding any other provision of law, five dollars of the fee contained in this section must be placed in the State Highway Fund as established by Section 57-11-20, to be distributed as provided in Section 11-43-167 by the Comptroller General. Editor's Note 2024 Act No. 200, SECTION 30, provides as follows: "SECTION 30. SECTIONS 1-21 of this act take effect upon approval by the Governor and their provisions shall apply to all applicable actions, proceedings, and matters filed on and after the effective date; SECTIONS 22-29 of this act take effect on July 1, 2025." Effect of Amendment 2024 Act No. 200, SECTION 28, in (A), inserted (4), and made nonsubstantive changes.
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