(1) A vehicle that is a racing activity vehicle may be registered only under this section.

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(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]