Synopsis As Introduced Amends the Illinois Vehicle Code and the State Finance Act. Provides for the issuance of Military Multi-Decorated license plates to Illinois residents who meet eligibility requirements to be prescribed by the Secretary of State. Provides that an applicant shall be charged an additional fee of $25 at original issuance and renewal. Provides that $15 of the original issuance fee and $2 of the renewal fee shall be deposited into the Secretary of State Special License Plate Fund. Provides that $10 of the original issuance fee and $23 of the renewal fee shall be deposited into the Department of Veterans' Affairs MIA/POW Scholarship Fund. Creates the Department of Veterans' Affairs MIA/POW Scholarship Fund as a special fund in the State treasury. Provides that all moneys in the Fund shall be used as grants for scholarships awarded under the MIA/POW scholarship provision of the School Code. Effective immediately.