Bill Text: CT HB05625 | 2016 | General Assembly | Comm Sub

Connecticut House Bill 5625 (Prior Session Legislation)

Bill Title: An Act Concerning The Sale, Via Internet Auction, Of License Plates Issued By The Department Of Motor Vehicles.

Spectrum: Committee Bill

Status: (Introduced - Dead) 2016-04-18 - File Number 652 [HB05625 Detail]

Download: Connecticut-2016-HB05625-Comm_Sub.html

General Assembly		*Substitute Bill No. 5625*
*February Session, 2016*		_____HB05625FIN___040116____

AN ACT CONCERNING THE SALE, VIA INTERNET AUCTION, OF LICENSE PLATES ISSUED BY THE DEPARTMENT OF MOTOR VEHICLES.

Be it enacted by the Senate and House of Representatives in General Assembly convened:

Section 1. (NEW) (Effective July 1, 2016) (a) (1) The Commissioner of Motor Vehicles shall establish and administer a number plate auction program where number plates issued by the commissioner and number plates not yet in circulation are publicly auctioned and transferred to the highest bidder. The commissioner shall conduct such auction at least weekly on the department's Internet web site. The holder of a number plate issued by the commissioner may sell or transfer such number plate in the number plate auction. The commissioner, in consultation with the Secretary of the Office of Policy and Management, may establish a market value for a specific number plate as determined by auction or appraisal, provided (A) no such plate shall have a market value of less than one thousand dollars, and (B) number plates with four or fewer numerals or letters shall have a greater market value than plates with more numerals or letters. Each person shall pay to the commissioner a fee of twelve dollars for each year in which such person seeks to participate as a bidder in the number plate auction. Each seller of a number plate shall pay to the commissioner a fee of twelve dollars per one thousand dollars or portion thereof of the amount paid at auction for a number plate. The sale of a number plate at auction allows for the transfer of possession of such number plate, provided the buyer shall pay all fees associated with registration and issuance of such number plate. All number plates shall remain the property of the state and no title shall pass to any person who buys a number plate at auction. The commissioner may adopt regulations, in accordance with the provisions of chapter 54 of the general statutes, concerning the auction process or the transfer of a number plate by auction.

(2) The commissioner shall transfer to the municipal revenue sharing account established pursuant to section 4-66l of the general statutes (A) one hundred per cent of the amount paid at auction for a number plate not yet in circulation, and (B) fifty per cent of the amount paid at auction for a number plate issued by the commissioner. The commissioner shall transfer the remaining fifty per cent of the amount paid at auction for a number plate issued by the commissioner to the seller of such plate.

(3) Pursuant to the powers and authority under section 14-3 of the general statutes, the commissioner may enter into one or more contracts with independent contractors authorizing such contractors to implement and administer the number plate auction program. Such contract shall provide that the fee for implementation and administration shall be paid contingent upon, and as a percentage of, the revenue generated by such auction.

(b) The commissioner, in consultation with the Connecticut Lottery Corporation, may conduct a weekly contest providing cash prizes to participating number plate holders.