(a) As used in this section:

(1) "Commercial motor carrier" means a person or entity engaged directly or indirectly through an agent, employee, or subcontractor in the interstate transportation of property by a commercial motor vehicle; and

(2) "Commercial motor vehicle" means a truck, truck trailer, trailer, semitrailer, or pole trailer registered with the International Registration Plan.

(b) (1) The Director of the Department of Finance and Administration shall promulgate rules, regulations, and procedures to enhance the Arkansas Motor Carrier System developed by the Department of Finance and Administration by allowing:

(A) A commercial motor carrier or its designee to conduct routine administrative transactions electronically, including without limitation the online:

(i) Registration of a commercial motor vehicle;

(ii) Renewal, transfer, replacement, and amendment of the registration of a commercial motor vehicle; and

(iii) Issuance and replacement of a commercial motor vehicle's license plates and decals;

(B) A commercial motor carrier or its designee to instantaneously print the registration card for a commercial motor vehicle;

(C) A commercial motor carrier or its designee to obtain and affix to a commercial motor vehicle license plate a decal bearing the logo of the commercial motor carrier approved by the director or the director's designee; and

(D) A commercial motor carrier or its designee to maintain license plate inventories and issue license plates; and

(2)

(A) A commercial motor carrier shall have thirty (30) days from the date of online commercial motor vehicle registration to submit to the department all required source documents associated with the registration.

(B) If the department has not received the source documents required under subdivision (b)(2)(A) of this section within thirty (30) days of the online registration of a commercial motor vehicle, the director or the director's designee may suspend the registration.

(c) The director shall study, develop, and implement improvements to the Arkansas Motor Carrier System in order to modernize and enhance the Arkansas Motor Carrier System and accommodate the latest available technology for commercial motor carriers seeking to register commercial motor vehicles in the State of Arkansas.