Creates the special prestige license plate honoring the World Champion New Orleans Saints with proceeds being used solely to pay debt service on state debt issued to fund imporvements to the La. Superdome. (7/1/10) (RE1 SEE FISC NOTE GF EX See Note)
The passage of SB506 will impact state law by adding a new category of motor vehicle license plates dedicated to honoring sports achievements, specifically those of the New Orleans Saints. Revenue generated from these special plates will include a standard motor vehicle license tax and a royalty fee of $25 that will be collected biennially. Importantly, the bill mandates that the funds collected from these royalty fees be channeled directly into the state treasury, specifically designated for debt service on state debt utilized for improvements to the Louisiana Superdome, thereby indirectly benefiting the local economy and sports infrastructure.
Senate Bill 506 establishes a special prestige motor vehicle license plate in honor of the New Orleans Saints, who won the Super Bowl in 2009. The bill stipulates that these plates can only be issued if at least 1,000 individuals apply for them, making it a collective commemorative effort. The design of the license plate must be developed in collaboration with the New Orleans Saints, ensuring that it reflects the team’s branding and history. This initiative not only commemorates a significant sports achievement but also aims to create a sense of community among fans and supporters of the team.
The sentiment surrounding SB506 is generally positive among supporters who see it as a fitting tribute to the New Orleans Saints and a unique way to generate funds for the Superdome's maintenance and upgrades. Proponents argue that the license plates will not only honor a local team but also engage supporters and promote pride in the state. However, there may be some contention regarding how the funds are allocated and managed, as well as concerns about the bill's requirement for a minimum number of applications before plates are issued, which may pose risks to its enactment.
One notable point of contention regarding SB506 revolves around the conditions for the issuance of the plates. Requiring a minimum of 1,000 applicants might deter potential purchasers who may feel uncertain about the collective commitment of the community. Additionally, the handling fees and the designated use of the royalties for debt service raises discussions about transparency and financial management related to state-funded projects. The discourse around this legislation reflects broader themes of state involvement in funding and sustaining civic pride through sports and infrastructure.