Bill > SB293

This bill amends Louisiana's Motor Vehicle Safety Responsibility Law to transfer certain administrative functions related to financial responsibility from the Office of the State Treasurer to the Office of Motor Vehicles. Specifically, it changes references in the law from the "state treasurer" to the "commissioner of the office of motor vehicles" for tasks such as accepting cash or securities as proof of financial responsibility, managing these deposits, and processing requests for their return or sale to satisfy judgments. This means that individuals who deposit cash or securities to meet the state's minimum liability insurance requirements will now interact with the Office of Motor Vehicles for these matters, rather than the State Treasurer's office. The bill also updates the required minimum financial security amounts and clarifies procedures for handling these deposits and related notifications.

Transportation and Infrastructure

https://www.legis.la.gov/legis/BillInfo.aspx?s=26rs&b=SB293&sbi=y