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Synopsis As Introduced Amends the Illinois Vehicle Code. Provides for issuance of Paratrooper license plates, at an additional initial charge of $15 and an additional renewal charge of $2 with eligibility requirements to be determined by the Secretary of State. Provides that the $15 additional initial charge and the $2 renewal charge shall go to the Secretary of State Special License Plate Fund.
Deletes everything after the enacting clause. Amends the State Finance Act and the Illinois Vehicle Code. Provides that $15 (rather than $25) of the fees for Professional Sports Teams license plates shall be deposited into the Professional Sports Teams Education Fund. Provides that $10 of the fees for Professional Sports Teams license plates shall be deposited into the Professional Sports Teams Charity Fund, a new special fund. Provides that, if the owner of a team submits to the Secretary of State its designation of a tax-exempt charitable organization that is associated with that team, the State Treasurer shall create a separate account within the Professional Sports Teams Charity Fund for that team, and when the Secretary receives fees for plates displaying the logo of that team, the fees deposited into the Professional Sports Teams Charity Fund shall be kept in the separate account for that team. Provides that all moneys in a separate account shall, subject to appropriation by the General Assembly and approval by the Secretary, be paid as grants to the designated charitable organization. Provides that, if a team does not designate a tax-exempt charitable organization and the Secretary receives fees for plates displaying the logo of that team, the fees deposited into the Professional Sports Teams Charity Fund shall be kept in a separate account earmarked for the Common School Fund.
Fiscal Note (H-AM 1)(Office of the Secretary of State)
Senate Bill 62 (H-AM 1) will have little to no fiscal impact on the Secretary of State's Office.
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