Authorizes issuance of classic NJ license plates.
The passage of A212 is designed to generate additional revenue for the state's transportation initiatives while appealing to collectors and enthusiasts of classic vehicles. The bill stipulates that the Chief Administrator of the Motor Vehicle Commission, along with the Commissioner of Transportation, will oversee the program's implementation. This entails certifying costs and handling administrative responsibilities related to the issuance of the specialty plates. Furthermore, the program's sustainability hinges on public interest, as it requires a minimum of 500 completed applications prior to its commissioning.
Assembly Bill A212 seeks to authorize the issuance of classic New Jersey license plates that replicate designs used by the former New Jersey Department of Motor Vehicles from 1979 to 1991. This legislation allows registered vehicles within the state to use these special plates, which are considered a collectible item. To obtain a classic plate, applicants must pay a $50 application fee alongside the usual registration fees, with an annual renewal fee set at $10. All fees collected for these plates are directed into the 'Special Transportation Fund' to support transportation projects across the state.
Notably, the bill prohibits any state or public funds from covering initial costs associated with launching the classic license plate program. Instead, it mandates that an individual or entity designated by the Department of Transportation contribute non-public funds, capped at $25,000, towards the start-up expenses. This approach aimed at minimizing state expenditure might raise concerns about reliance on external funding sources, which could potentially impact the program's viability if private support is insufficient. There is also a provision allowing the Chief Administrator to discontinue the program if the average production cost of the plates exceeds $50 in two consecutive fiscal years, ensuring financial accountability.