(1) The committee shall notify the department of revenue when the right to use a registration number has been sold and the committee has collected the state's sale proceeds or approval and transfer royalty. Upon receiving the notice, the department of revenue shall create a record in Colorado DRIVES, created in section 42-1-211, containing the name of the buyer, the vehicle identification number, if applicable, and the corresponding registration number.
(2) If the registration number consists of a combination of letters and numbers that is not within the normal format of license plate currently produced for the department of revenue, the department of revenue shall issue the plates as personalized plates under section 42-3-211, C.R.S.; except that, notwithstanding section 42-3-211, C.R.S., the committee may sell, and the buyer or any subsequent buyer may use:
A registration number or letter of one position; or
Any symbol on the standard American keyboard or approved by the committee.
The committee shall transfer the money collected under this part 22 to the state treasurer, who shall credit the money to the fund created in section 24-30-2205.5.
The committee may contract with one or more public or private entities to implementthis part 22.
Any money received by the committee from the sale of registration numbers shall bedeposited in the fund.
Source: L. 2016: Entire part amended with relocations, (HB 16-1362), ch. 319, p. 1294, § 1, effective August 10. L. 2017: (1) amended, (HB 17-1107), ch. 101, p. 374, § 28, effective August 9.
Editor's note: This section is similar to former § 42-1-406 as it existed prior to 2016.