(a)
(1) A person who is the owner of a historic or special interest vehicle that is forty-five (45) years of age or older at the time of making application for registration or transfer of title may, upon application:
(A) Register the motor vehicle as a historic or special interest vehicle, upon the payment of a fee of seven dollars ($7.00) for each historic or special interest vehicle; and
(B) Be furnished a special license plate of distinctive design to be displayed on each historic or special interest vehicle instead of the standard Arkansas license plate.
(2) A special license plate issued under subdivision (a)(1)(B) of this section shall have the same legal significance as a standard Arkansas license plate.
(3) In addition to the identification number, the special license plate issued under subdivision (a)(1)(B) of this section shall identify the motor vehicle as a historic or special interest vehicle owned by an Arkansas collector.
(4) The registration shall be valid while the historic or special interest vehicle is owned by the applicant without the payment of any additional fee, tax, or license if the owner provides the Department of Finance and Administration yearly proof of current insurance coverage on the historic or special interest vehicle as required under § 27-22-101 et seq.
(b)
(1) The numbering of these plates shall continue chronologically from the existing antique automobile registration lists, using the current design and emblem.
(2) Application for these plates shall be made to the Office of Motor Vehicle on special application forms prescribed by the Commissioner of Motor Vehicles.
(c) Upon selling or otherwise relinquishing ownership of a historic or special interest vehicle, a collector may retain possession of the vehicle plate and transfer its registration to another vehicle of the same category in his or her possession, upon payment of one-half (½) the fee prescribed in subsection (a) of this section.
(d)
(1) A motor vehicle manufactured as a reproduction or facsimile of a historic or special interest vehicle shall not be eligible for registration under this section unless it has been in existence for forty-five (45) years or more.
(2) The age shall be calculated from the date the motor vehicle was originally assembled as a facsimile.
(e) Collectors who, on or before July 24, 2019, have motor vehicles licensed as historic or special interest vehicles under current statutes are not required to register these motor vehicles or obtain new license plates for these motor vehicles.
(f) Each collector applying for a license plate under this subchapter shall:
(1) Own and have registered one (1) or more motor vehicles that he or she uses for regular transportation; and
(2) Provide the office proof of ownership and registration as required under subdivision (f)(1) of this section.