HB 344: "An Act relating to the commissioner of administration's appointing agents to perform for compensation certain transactions related to vehicles; and providing for an effective date."
00 HOUSE BILL NO. 344 01 "An Act relating to the commissioner of administration's appointing agents to perform 02 for compensation certain transactions related to vehicles; and providing for an effective 03 date." 04 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF ALASKA: 05 * Section 1. AS 28.05 is amended by adding a new section to read: 06 Sec. 28.05.024. Agreements with agents to perform title and registration 07 services. (a) Notwithstanding another provision of law, the commissioner may enter 08 into agreement with agents to perform vehicle title and registration services. An agent 09 shall meet the qualifications and requirements set by the department by regulation. 10 The regulations must require, at a minimum, that the agent be bonded, have an Alaska 11 business license under AS 43.70, and have been in existence for a minimum of one 12 year before entering into the agreement with the commissioner. Subject to regulations 13 adopted by the department, the commissioner may, in the agreement, allow the agent 14 to retain up to 15 percent of the proceeds, excluding any taxes or fees imposed by a
01 municipality, collected on behalf of the department as compensation under the 02 agreement. The commissioner shall provide in the agreement for regular audits of the 03 agent and penalties for failure to timely submit the report required by (b)(2) of this 04 section and remit the proceeds to the department as required by (b)(1) of this section. 05 (b) An agent under (a) of this section shall, as directed in the terms of the 06 agreement authorized by (a) of this section, transmit to the commissioner 07 (1) the proceeds collected by the agent on behalf of the department, 08 except the amount the agent is authorized to retain under (a) of this section; and 09 (2) a report of the title and registration services provided by the agent. 10 (c) In this section, "agent" does not include a person who is a state employee 11 when acting in the capacity of a state employee. 12 * Sec. 2. This Act takes effect July 1, 2006.