(1) Beginning January 1, 2019, the department shall create and implement an expedited registration program. The expedited registration program authorizes private providers to register commercial vehicles that are classified as Class A personal property in section 42-3-106. This includes collecting and remitting the taxes and fees for the registration to the department.
(2) (a) The department shall promulgate rules authorizing a private provider to participate in the expedited registration program if the provider:
Has been approved by the department;
Uses software that is approved by the department to calculate the amount of taxesand fees imposed in this title 42 and that is updated regularly to take into account any changes to the taxes and fees imposed in this title 42; and
Procures and files with the department evidence of any of the following in an amount determined by rule by the department:
A savings account, deposit, or certificate of deposit meeting the requirements ofsection 11-35-101; or
A bond issued by a licensed corporate surety.
The financial commitment required in subsection (2)(a)(III) of this section must provide for the reimbursement of any damages caused to the state of Colorado, a political subdivision of Colorado, or the owner of personal property registered through the expedited registration program by an act or omission of the private provider.
A private provider may collect and retain a convenience fee for the services providedin the expedited registration program.
(3) (a) The department may accept financial assistance from a private party to implement the expedited registration program if the financial assistance is directly related to the expedited registration program and is not conditional upon an act or circumstance that conflicts with state law.
The department shall transfer any money accepted under this subsection (3) to thestate treasurer, who shall credit it to the Colorado DRIVES vehicle services account created in section 42-1-211 (2)(b)(I).
The department shall use any money accepted under this subsection (3) to implementthis section.
(4) To implement the expedited registration program, the department shall ensure that the expedited registration program:
Operates efficiently;
Provides additional services or increases the speed or quality of services at an overallcost savings to the state; and
Registers commercial vehicles and collects and remits taxes and fees in compliancewith state law.
To implement this section, the department may promulgate rules in addition to therules required under subsection (2)(a) of this section and may enter into contracts with private providers.
Subject to article 4 of title 24, the department may approve, deny approval, suspendapproval, or revoke approval of a private provider who:
Violates the law in the provision of services approved under this section;
Makes a material misstatement to the department or any county in seeking approvalto provide expedited registration services;
Fails to comply with this section or any rules promulgated under this section; or
Fails to satisfactorily provide expedited registration services or to collect or remitappropriate taxes and fees.
Source: L. 2018: Entire section added, (HB 18-1042), ch. 375, p. 2277, § 1, effective August 8.