Be it enacted by the General Assembly of Virginia:

1.  That § 29.1-702 of the Code of Virginia is amended and reenacted as follows:

§ 29.1-702. Registration requirements; display of numbers; cancellation of certificate; exemption.

A. 1. The owner of each motorboat requiring numbering by the Commonwealth shall file an application for a number with the Department on forms approved by it. The owner of the motorboat or the owner's agent shall sign the application and pay the following boat registration fee:

a. For a motorboat under sixteen 16 feet, eighteen dollars $18;

b. For a motorboat sixteen 16 feet to less than twenty 20 feet, twenty-two dollars $22;

c. For a motorboat twenty 20 feet to less than forty 40 feet, twenty-eight dollars $28;

d. For a motorboat forty 40 feet and over, thirty-six dollars $36.

2. Owners, other than manufacturers or dealers, of more than ten 10 motorboats numbered by the Commonwealth, shall pay eighteen dollars $18 each for the first ten 10 such boats and twelve dollars $12 for each additional boat.

3. Upon receipt of the application in approved form, the Department shall have the application entered upon the records of its office and issue to the applicant a certificate of number stating the identification number awarded to the motorboat and the name, address and a social security number or numbers, or federal tax identification number of the owner or owners. Any certificate issued in accordance with this chapter shall expire three years from the first last day of the month in which it was issued. Upon proper application and payment of fee, and in the discretion of the Director, the certificate may be renewed.

B. The owner shall paint on or attach to each side of the bow of the motorboat the identification number in the manner prescribed by rules and regulations of the Board. The number shall be maintained in legible condition. The certificate of number shall be pocket-size and shall be available for inspection on the motorboat for which issued whenever such motorboat is in operation. However, the certificate of number for any vessel less than twenty-six 26 feet in length, and leased or rented to another for the lessee's noncommercial use for less than twenty-four 24 hours, may be retained on shore by the vessel's owner or his representative at the place at which the vessel departs and returns to the possession of the owner or his representative, provided the vessel is appropriately identified as to its owner while in use under such lease or rental.

C. No number other than the number awarded to a motorboat or granted reciprocity pursuant to this chapter shall be displayed on either side of the bow of the motorboat.

D. The Department is authorized to cancel and recall any certificate of number issued by the Department when it appears proper payment has not been made for the certificate of number or when the certificate has been improperly or erroneously issued.

E. Any motorboat purchased and used by a nonprofit volunteer rescue squad or volunteer fire department shall be exempt from the registration fees imposed by subsection A of this section.