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| 1 | AN ACT concerning transportation.
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| 2 | Be it enacted by the People of the State of Illinois,
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| 3 | represented in the General Assembly:
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| 4 | Section 5. The Illinois Vehicle Code is amended by changing | |||||||||||||||||||
| 5 | Section 3-629 as follows:
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| 6 | (625 ILCS 5/3-629)
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| 7 | Sec. 3-629. Collegiate license plates; scholarship fund.
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| 8 | (a) In addition to any other special license plate,
the | |||||||||||||||||||
| 9 | Secretary, upon receipt of all
applicable fees and applications | |||||||||||||||||||
| 10 | made in the form prescribed by the
Secretary of State, may | |||||||||||||||||||
| 11 | issue collegiate license plates.
The collegiate plates issued | |||||||||||||||||||
| 12 | under this
Section shall be affixed only to passenger vehicles | |||||||||||||||||||
| 13 | of the first division and
motor vehicles of the second division | |||||||||||||||||||
| 14 | weighing not more than 8,000 pounds and
subject to the
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| 15 | staggered registration system. Plates issued under this | |||||||||||||||||||
| 16 | Section shall
expire according to the staggered
multi-year | |||||||||||||||||||
| 17 | procedure established under Section 3-414.1 of this Code.
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| 18 | (b) The design, color, and format of the plates shall be | |||||||||||||||||||
| 19 | wholly
within the discretion of the Secretary of State. The | |||||||||||||||||||
| 20 | Secretary of State may,
at his or her discretion, issue the | |||||||||||||||||||
| 21 | plates for any public college or university located in this | |||||||||||||||||||
| 22 | State or for any degree-granting,
not-for-profit private | |||||||||||||||||||
| 23 | college or university located in this State or a contiguous | |||||||||||||||||||
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| 1 | state. If the college or university is located in a contiguous | ||||||
| 2 | state, there must be not less than 10,000 alumni of the college | ||||||
| 3 | or university residing in this State. The
Secretary may, in his | ||||||
| 4 | or her discretion, allow the plates to be issued as
vanity | ||||||
| 5 | plates or personalized in accordance with Section 3-405.1 of | ||||||
| 6 | this Code.
The plates are not required to designate "Land Of | ||||||
| 7 | Lincoln", as prescribed in
subsection (b) of Section
3-412 of | ||||||
| 8 | this Code. The Secretary shall prescribe the eligibility
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| 9 | requirements including a minimum level of specialized license | ||||||
| 10 | plates requests
and, in his or her discretion, shall approve | ||||||
| 11 | and prescribe stickers
or decals as provided under Section | ||||||
| 12 | 3-412.
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| 13 | (c) An applicant shall be charged a $40 fee for original | ||||||
| 14 | issuance
in addition to the applicable registration fee. Of the | ||||||
| 15 | original issuance fee
in the case of a public university or | ||||||
| 16 | college, $25 shall be deposited into the
State College and | ||||||
| 17 | University Trust Fund and $15 shall be
deposited into the | ||||||
| 18 | Secretary of State Special License Plate Fund to be used by
the | ||||||
| 19 | Secretary of State, subject to
appropriation, to help defray | ||||||
| 20 | the administrative costs of issuing the plate.
Of the original | ||||||
| 21 | issuance fee in the case of a degree-granting, not-for-profit
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| 22 | private college or university,
$25 shall be deposited into the | ||||||
| 23 | University Grant Fund and $15 shall be
deposited into the | ||||||
| 24 | Secretary of State Special License Plate Fund to be used by
the | ||||||
| 25 | Secretary of State, subject to appropriation, to help defray | ||||||
| 26 | the
administrative cost of issuing the plate. In addition to | ||||||
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| 1 | the regular
renewal fee, an applicant shall be charged $27 for | ||||||
| 2 | the renewal of each set of
license plates issued under this | ||||||
| 3 | Section; $25 shall be deposited into the
State College and | ||||||
| 4 | University Trust Fund in the case of a public university or
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| 5 | college or into the
University Grant Fund in the case of a | ||||||
| 6 | degree-granting, not-for-profit private
college or university, | ||||||
| 7 | and $2
shall be deposited into the Secretary of
State Special | ||||||
| 8 | License Plate Fund plates for all collegiate plates.
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| 9 | (d) The State College and University Trust Fund is created | ||||||
| 10 | as a special fund
in the State treasury.
The State Treasurer | ||||||
| 11 | shall create separate accounts within the State College
and | ||||||
| 12 | University
Trust Fund for each public university or college for | ||||||
| 13 | which collegiate license
plates have
been issued. Moneys in the | ||||||
| 14 | State College and University Trust Fund shall be
allocated to
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| 15 | each account in proportion to the number of plates sold in | ||||||
| 16 | regard to each
public
university or college.
Moneys deposited | ||||||
| 17 | into the State
College and University Trust Fund
during the | ||||||
| 18 | preceding calendar year
shall be distributed, subject to | ||||||
| 19 | appropriation, to each participating
public
university or | ||||||
| 20 | college. This revenue shall be
used for the sole purpose of
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| 21 | scholarship grant awards to Illinois residents.
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| 22 | (e) The University Grant Fund is created as a special fund | ||||||
| 23 | in the State
treasury. The State Treasurer shall create | ||||||
| 24 | separate accounts within the University
Grant Fund for each | ||||||
| 25 | university or college for which collegiate license
plates have
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| 26 | been issued. Moneys in the University Grant Fund shall be
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| 1 | allocated to
each account in proportion to the number of plates | ||||||
| 2 | sold in regard to each
university or college.
Moneys deposited | ||||||
| 3 | into these accounts
during the preceding calendar year
shall, | ||||||
| 4 | subject to appropriation, be distributed through the Illinois | ||||||
| 5 | Student Assistance Commission to participating private | ||||||
| 6 | colleges and universities. This revenue shall be used for the | ||||||
| 7 | sole purpose of scholarship grant awards to Illinois residents.
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| 8 | (Source: P.A. 95-444, eff. 8-27-07.)
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