§463.158.  Special prestige license plate; Phi Beta Sigma Fraternity, Inc.

A.  The secretary of the Department of Public Safety and Corrections shall establish a special prestige motor vehicle license plate for Phi Beta Sigma Fraternity, Inc., provided there is a minimum of one thousand applicants for such plates.  These plates shall be restricted to use on passenger cars, pickup trucks, recreational vehicles, and vans.

B.  The secretary shall design the plates, which shall be of a color and design selected by Phi Beta Sigma Fraternity, Inc., provided that it is in compliance with R.S. 47:463(A)(3).

C.  The prestige license plate shall be issued, upon application, to any citizen of Louisiana in the same manner as any other motor vehicle license plate.

D.  The department shall collect an annual royalty fee of twenty-five dollars, which shall be disbursed in accordance with Subsection E of this Section.  This fee will be in addition to the standard motor vehicle license tax imposed by Article VII, Section 5 of the Constitution of Louisiana, and a handling fee of three dollars and fifty cents for each plate to be retained by the department to offset a portion of administrative cost.

E.  The annual royalty fee shall be collected by the department and forwarded to Phi Beta Sigma Fraternity, Inc.  The monies received from the royalty fees shall be used for scholarships to Louisiana residents.

F.  The secretary shall adopt rules and regulations as are necessary to implement the provisions of this Section.

Acts 2012, No. 314, §1.