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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 Chamber of Commerce and Industry 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 of an appropriate design representative of the Tennessee Chamber of Commerce and Industry. The plates shall be designed in consultation with a representative of the Tennessee Chamber of Commerce and Industry.
The funds produced from the sale of Tennessee Chamber of Commerce and Industry new specialty earmarked license plates shall be allocated to the Tennessee Association of Business Foundation in accordance with § 55-4-301. The funds shall be used in this state to assist the organization in carrying out its mission of business promotion and service to the community.