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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 in § 55-4-204, shall be issued a Memphis Grizzlies new specialty earmarked license plate for a motor vehicle authorized by § 55-4-210(c).
Such new specialty earmarked license plates shall contain the logo or other appropriate design representative of the Memphis Grizzlies. The plates shall be designed in consultation with the Memphis Grizzlies organization.
The funds produced from the sale of the Memphis Grizzlies new specialty earmarked license plates shall be allocated to the Memphis Grizzlies Charitable Foundation, in accordance with § 55-4-301. The funds shall be used by the Foundation for its educational and mentoring programs and initiatives in Tennessee.
Notwithstanding § 55-4-202(g)(1), the Memphis Grizzlies new specialty earmarked license plates authorized by this section shall have until July 1, 2015, to meet applicable initial issuance requirements of § 55-4-202(g)(1).