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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 Pat Summitt Foundation new specialty earmarked license plate for a motor vehicle authorized by § 55-4-210(c).
The new specialty earmarked license plates provided for in this section shall be designed in consultation with a representative from the Pat Summitt Foundation.
The funds produced from the sale of the Pat Summitt Foundation new specialty earmarked license plates shall be allocated to the Pat Summitt Foundation in accordance with § 55-4-301. The funds shall be used to award grants to nonprofit organizations that advance research for treatment and a cure for Alzheimer's disease, provide support for patients and caregivers, and educate the public on Alzheimer's disease.
Notwithstanding § 55-4-202(g)(1), the Pat Summitt Foundation new specialty earmarked license plate authorized pursuant to this section shall have until July 1, 2018, to meet the applicable minimum issuance requirements of § 55-4-202(g)(1).