H97 - 2015 Appropriations Act, Sec. 29.32: License Plate Agency Contract Standards (SL 2015-241)

Overview: Sec. 29.32 of S.L. 2015-241 does the following:

• Requires commission contracts entered into for the issuance of plates and certificates to specify the duration of the contract, which may not exceed eight years for initial contracts and two years for renewals. Commission contracts entered into prior to September 18, 2015, have until July 1, 2018, to comply with this requirement.
• Requires commission contracts to include or incorporate by reference standards by which the Division of Motor Vehicles may evaluate the performance of the commission contractor, and authorizes the Division to award monetary performance bonuses not exceeding an aggregate total of $90,000 annually to commission contractors based on performance. Commission contracts entered into prior to September 18, 2015, have until July 1, 2018, to comply with the standards requirement.
• Increases the amount of compensation payable to a commission contractor on a per transaction basis.

The increase in compensation rates became effective July 1, 2015, and applies to transactions on or after that date. The remainder of the section became effective September 18, 2015.