Texas SB2998 amends the Transportation Code to revise the collection and allocation of fees from insurers.

Texas SB2998 amends the Texas Transportation Code to revise the collection and allocation of fees from insurers. The bill specifies that insurers must pay a fee to the comptroller based on the number of motor vehicle years of insurance. The fee is due in March or August each year, depending on the policy period. The bill outlines the allocation of collected fees: 20% to the authority, 20% to the general revenue fund for criminal justice purposes, and 60% to the designated trauma facility and emergency medical services account.

Texas SB2998 amends the Transportation Code to revise the collection and allocation of fees from insurers.

Texas SB2998 amends the Texas Transportation Code to revise the collection and allocation of fees from insurers. The bill specifies that insurers must pay a fee to the comptroller based on the number of motor vehicle years of insurance. The fee is due in March or August each year, depending on the policy period. The bill outlines the allocation of collected fees: 20% to the authority, 20% to the general revenue fund for criminal justice purposes, and 60% to the designated trauma facility and emergency medical services account.