Authorizes creation of Stockton University license plates.
Impact
The introduction of Stockton University license plates is designed to create a new revenue stream for the university through fees collected from vehicle owners. The application fee for the plates is set at $50, with an annual renewal fee of $10. These fees will be deposited into a special 'Stockton University License Plate Fund' which will be used to support initiatives focused on university recruitment and alumni relations. This setup represents a strategic approach to bolster the university's outreach and financial resources.
Summary
Senate Bill S3024, introduced in September 2022, authorizes the creation and issuance of special license plates for Stockton University in New Jersey. This initiative allows vehicle owners to apply for license plates that prominently display the Stockton University seal and the name of the institution. The bill outlines the responsibilities of the Chief Administrator of the New Jersey Motor Vehicle Commission in designing and implementing the license plate program, in consultation with Stockton University's Office of University Relations and Marketing.
Contention
There are stipulations in place regarding the commencement and sustainability of the license plate program. For instance, the program cannot start until at least 500 applications have been received, and until non-public funds are secured to cover initial implementation costs, capped at $25,000. Furthermore, if the average costs of maintaining the program exceed the application fee in two consecutive fiscal years, the Chief Administrator has the authority to discontinue the plates. These provisions ensure fiscal responsibility and accountability in managing the program effectively.
Asks Joint Committee on Library of Congress to approve replacing NJ statues of Richard Stockton and Philip Kearny in National Statuary Hall Collection with statues of Harriet Tubman and Alice Paul.