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An owner or lessee of a motor vehicle who is a resident of this state, upon complying with state motor vehicle laws relating to registration and licensing of motor vehicles, and paying the regular fee applicable to the motor vehicle and the fee provided for in § 55-4-204, shall be issued a Tennessee Walking Horse new specialty earmarked license plate for a motor vehicle authorized by § 55-4-210(c).
The new specialty earmarked license plates provided in this section shall be of the same design as the Tennessee Walking Horse cultural plate authorized by this section as it existed prior to May 19, 2014, bearing the image of or a design depicting the Tennessee Walking Horse.
The funds produced from the sale of Tennessee Walking Horse new specialty earmarked license plates shall be allocated to the Tennessee Walking Horse Breeders' and Exhibitors' Association in accordance with § 55-4-301. The funds shall be used to maintain the purity of the breed, to promote greater awareness of the Tennessee Walking Horse and its qualities, to encourage expansion of the breed and to help assure its general welfare in Tennessee.
Notwithstanding any law to the contrary, any person issued a Tennessee Walking Horse cultural license plate authorized by this section prior to May 19, 2014, shall be entitled to retain such license plate for vehicular use upon compliance with all motor vehicle laws relating to registration and licensing of motor vehicles and payment of all required fees. All such plates shall be considered new specialty earmarked plates upon their first renewal after May 19, 2014.
This section shall apply to the initial issuance and renewal of all Tennessee Walking Horse license plates on or after May 19, 2014.