Report Title:

Rental Vehicles; Registration Fee

Description:

Allows a lessor of rental vehicles the option of registering a new motor vehicle for two years instead of one, and if the vehicle is transferred by the lessor within two years, to take a credit against future registrations. (SD1)

THE SENATE

S.B. NO.

1040

TWENTY-THIRD LEGISLATURE, 2005

S.D. 1

STATE OF HAWAII

 


 

A BILL FOR AN ACT

 

relating to motor vehicle rentals.

 

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:

SECTION 1. Section 286-51, Hawaii Revised Statutes, is amended to read as follows:

"§286-51 Registration, expense. (a) Every certificate of registration issued under this part shall expire at midnight on December 31 of each year and shall be renewed annually before April 1 of each year upon application by the registered owner by presentation of the last issued certificate of registration or the last issued application for renewal, such renewal to take effect as of January 1 of each year; provided that the certificate of registration for each motor vehicle in the counties of the State may be renewed on a staggered basis, if a county elects to do so[.]; and provided further that upon application of a lessor of a new rental motor vehicle, as defined in section 437D-1, the certificate of registration issued to the lessor shall expire at two years from the date of the issuance, and if the lessor terminates ownership of the vehicle within the two years then the lessor shall receive a credit for the proportionate remainder of the two years to be applied against future registrations of the lessor. The director of finance of each county may adopt rules to carry out the purposes stated in this section and shall expend the necessary funds from the director's operating funds as may be necessary for these purposes; provided that the director of finance, if the director has ascertained as of the date of the application that the registered owner has not deposited or paid bail with respect to any summons or citation issued to the registered owner for stopping, standing, or parking in violation of traffic ordinances within the county, may require, as a condition precedent to the renewal, that the registered owner deposit or pay bail with respect to all such summons or citations. The certificates of registration issued hereunder shall show, in addition to all information required under section 286-47, the serial number of the tag or emblem and shall be valid during the registration year only for which they are issued. The certificates of ownership need not be renewed annually but shall remain valid as to any interest shown therein until canceled by the director of finance as provided by law or replaced by new certificates of ownership as hereinafter provided."

SECTION 2. Statutory material to be repealed is bracketed and stricken. New statutory material is underscored.

SECTION 3. This Act shall take effect upon its approval.