WILLIAM DONALD SCHAEFER, Governor                            Ch. 3

(3)     (I) SUBJECT TO PARAGRAPH (4) OF THIS SUBSECTION, FOR
NEW OR USED PASSENGER CARS WITH A MODEL YEAR OF 1993 OR 1994, A
FUEL EFFICIENCY CREDIT OF $50 SHALL BE GRANTED FOR ALL
PASSENGER CARS THAT HAVE A FUEL ECONOMY RATING THAT IS
GREATER THAN 35 MILES PER GALLON.

(II) SUBJECT TO PARAGRAPH (4) OF THIS SUBSECTION, FOR
NEW OR USED PASSENGER CARS WITH A MODEL YEAR OF 1995 AND
THEREAFTER, A FUEL EFFICIENCY CREDIT SHALL BE GRANTED FOR ALL
PASSENGER CARS THAT HAVE A FUEL ECONOMY RATING THAT IS
GREATER THAN 35 MILES PER GALLON. THE FUEL EFFICIENCY CREDIT
SHALL BE AN AMOUNT EQUAL TO THE PRODUCT OF MULTIPLYING:

1.       $50; AND

2.       THE NEAREST WHOLE NUMBER OF MILES PER
GALLON THAT THE FUEL ECONOMY RATING OF THE MODEL TYPE OF THE
AUTOMOBILE IS GREATER THAN 35 MILES PER GALLON.

(4)     THE CREDIT GRANTED UNDER PARAGRAPH (3) OF THIS
SUBSECTION MAY NOT EXCEED AN AMOUNT EQUAL TO 1% OF THE TOTAL
PURCHASE PRICE OF THE PASSENGER CAR AS DEFINED IN § 13-809 OF THIS
ARTICLE.

(D)    THE PROCEEDS COLLECTED UNDER THIS SECTION SHALL BE
DEPOSITED IN THE TRANSPORTATION TRUST FUND AND, TO THE EXTENT
NOT REQUIRED BY ANY LAWFUL PLEDGE, COVENANT, DEDICATION, OR
COMMITMENT FOR THE ANNUAL DEBT SERVICE ON BONDS REFERRED TO
IN § 3-216(E) OF THIS ARTICLE, SHALL BE DISBURSED IN ACCORDANCE
WITH THIS SECTION.

(E)    THE PROCEEDS COLLECTED FROM THE FUEL EFFICIENCY
SURCHARGE IMPOSED UNDER THIS SECTION SHALL BE USED TO FUND
THE FUEL EFFICIENCY CREDITS GRANTED UNDER THIS SECTION. ALL
REMAINING FUNDS SHALL BE USED SOLELY FOR TRANSIT PURPOSES.

(F)    A MOTOR VEHICLE DEALER SHALL PROMINENTLY DISPLAY ON
A VEHICLE OFFERED FOR SALE A NOTICE ON A FORM PRESCRIBED BY
THE ADMINISTRATION TO INFORM CONSUMERS OF THE FUEL
EFFICIENCY SURCHARGE AND FUEL EFFICIENCY CREDIT PROGRAM. THE
NOTICE SHALL STATE THE PROVISIONS OF THIS SECTION APPLICABLE TO
THE VEHICLE AND SHALL BE IN SUBSTANTIALLY THE FOLLOWING FORM:

"FOR THIS VEHICLE, THE FUEL ECONOMY RATING IS ________.

THE FUEL EFFICIENCY SURCHARGE IS ___________ OR THE

FUEL EFFICIENCY CREDIT IS ___________.

A FUEL EFFICIENCY SURCHARGE OR FUEL EFFICIENCY CREDIT
IS REQUIRED TO BE APPLIED TO PURCHASES OF CERTAIN
PASSENGER CARS BASED ON THE FUEL ECONOMY RATING OF

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