Substituted CS/SB 246
Summary
The bill forces any organization that runs a specialty license plate to submit a five‑year financial plan and a list of fee recipients within 60 days, or the plate is deauthorized. It also tightens rules on how annual use fees and any earned interest can be distributed, limiting them to authorized corporations and banning profit‑making uses. Additionally, the Department must issue an annual report and a standard template plate is created for independent colleges and universities.
AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.
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