Tex.
Transp. Code Section 502.357
Financial Responsibility Programs
(a)
In addition to other fees imposed for registration of a motor vehicle, at the time of application for registration or renewal of registration of a motor vehicle for which the owner is required to submit evidence of financial responsibility under Section 502.046 (Evidence of Financial Responsibility), the applicant shall pay a fee of $1. In addition to other fees imposed for registration of a motor vehicle, at the time of application for registration of a motor vehicle that is subject to Section 501.0234 (Duty of Vehicle Dealer on Sale of Certain Vehicles), the applicant shall pay a fee of $1. Fees collected under this section shall be remitted weekly to the department.(b)
Fees collected under this section shall be deposited to the credit of the state highway fund except that the comptroller shall provide for a portion of the fees to be deposited first to the credit of a special fund in the state treasury outside the general revenue fund to be known as the TexasSure Fund in a total amount that is necessary to cover the total amount appropriated to the Texas Department of Insurance from that fund and for the remaining fees to be deposited to the state highway fund. Subject to appropriations, the money deposited to the credit of the state highway fund under this section may be used by the Department of Public Safety to:(1)
support the Department of Public Safety’s reengineering of the driver’s license system to provide for the issuance by the Department of Public Safety of a driver’s license or personal identification certificate, to include use of image comparison technology; and(2)
make lease payments to the master lease purchase program for the financing of the driver’s license reengineering project.(c)
Subject to appropriation, fees collected under this section may be used by the Department of Public Safety, the Texas Department of Insurance, the Department of Information Resources, and the department to carry out Subchapter N (Definition), Chapter 601 (Motor Vehicle Safety Responsibility Act).(d)
The Department of Public Safety, the Texas Department of Insurance, the Department of Information Resources, and the department shall jointly adopt rules and develop forms necessary to administer this section.
Source:
Section 502.357 — Financial Responsibility Programs, https://statutes.capitol.texas.gov/Docs/TN/htm/TN.502.htm#502.357 (accessed Jun. 5, 2024).
