(2) A racing activity vehicle shall be registered for a permanent registration period as described under ORS 803.400. To register a racing activity vehicle the owner shall:
(a) Apply for permanent registration of the vehicle in the same manner provided for application for registration of vehicles; and
(b) Pay the fee for permanent registration of racing activity vehicles established under ORS 803.420.
(3) A racing activity vehicle may be issued special interest registration plates.
(4) Once a vehicle is permanently registered as a racing activity vehicle under this section, the vehicle is subject to the limitations on use of the vehicle under ORS 805.037. [2007 c.693 §3a]