The registration fees herein imposed upon vessels and motors shall be for the purpose of reimbursing and providing funds for general governmental functions of the state, and when paid in full such fees shall be in lieu of all ad valorem taxes, general or local, to which such vessels and motors may be subject as personal property under the laws of this state. Added by Laws 1989, c. 346, § 23, eff. Jan. 1, 1990.
Oklahoma Legal Code