Authorizes creation of US Navy Veteran license plates.
The introduction of A3762 will enhance recognition and support for Navy veterans within the state. An application fee of $50 would be required upon application, with an annual renewal fee of $10. Revenue generated from these fees would contribute to a special fund dedicated to supporting programs for Navy veterans, thus potentially improving their quality of life and access to resources. This fund is termed the 'United States Navy Veteran License Plate Fund' and would be made available for various veteran programs.
Bill A3762 proposes the establishment of special license plates for honorably discharged United States Navy veterans in New Jersey. These plates are designed to honor the service of veterans by displaying the words 'U.S. Navy Retired' along with Navy insignia. The New Jersey Motor Vehicle Commission, led by the Chief Administrator, would oversee the design and issuance of these plates, ensuring they meet the appropriate standards set for vehicle registration.
There are specific stipulations within the bill that may raise concerns regarding funding for the initial setup of the license plate program. Notably, it prohibits the use of state funds for the establishment costs, placing the financial burden on private sponsors or entities that must contribute no more than $25,000. This could lead to challenges in obtaining sufficient backing to initiate the program. Additionally, the bill mandates the registration of at least 500 applications to commence the program, which may pose an initial barrier to implementation.
The operational aspects of the bill include an annual certification by the Chief Administrator to assess whether the costs associated with producing these license plates exceed the established application fee. If the costs are found to be excessive for two consecutive years, the program may be discontinued. Furthermore, the bill stipulates that it will not take effect until at least 13 months after the conditions for fee collection and application submission are satisfied, which could influence the program's viability.