NORTH CAROLINA GENERAL ASSEMBLY

1981 SESSION

 

 

CHAPTER 227

HOUSE BILL 301

 

 

AN ACT TO AMEND G.S. 20-64 CONCERNING REFUNDS FOR UNEXPIRED REGISTRATION PLATES.

 

The General Assembly of North Carolina enacts:

 

Section 1. G.S. 20-64(f) is hereby rewritten to read as follows:

"(f)       The owner or transferor of a registered vehicle who surrenders the registration plate to the division may secure a refund for the unexpired portion of such plate prorated on a monthly basis, beginning the first day of the month following surrender of the plate to the division, provided the annual fee of such surrendered plate is sixty dollars ($60.00) or more. This refund may not exceed one-half of the annual license fee. No refund shall be made unless the owner or transferor furnishes proof of financial responsibility on the registered vehicle effective until the date of the surrender of the plate. Proof of financial responsibility shall be furnished in a manner prescribed by the commissioner. Any unauthorized refund may be recovered in the manner set forth in G.S. 20-99."

Sec. 2. This act shall become effective July 1, 1981.

In the General Assembly read three times and ratified, this the 22nd day of April, 1981.