(1) The county clerk shall be entitled to the same fee for the performance of the duties required in the issuance of certificates of title and registration for motorboats as is applicable to the issuance of certificates of title and registration of motor vehicles as provided by KRS 186.040(1), 186.180, 186A.130, and 186A.245.
(2) The Transportation Cabinet shall be entitled to the same fee for the performance of duties required in the issuance of certificates of title or duplicate titles for motorboats as is applicable to the issuance of certificates of title of motor vehicles as provided in KRS 186A.130 and 186A.245. The Transportation Cabinet shall receive a two dollar ($2) fee when a motorboat owner is issued a replacement license decal for the operation of a motorboat. The fees shall be deposited in a trust and agency account for use by the Transportation Cabinet in defraying the cost of implementing, administering, and operating the boat titling and registration program.