2009 Louisiana Laws TITLE 47 Revenue and taxation :: RS 47:463.88 Special prestige license plates; kappa alpha psi fraternity, inc.

§463.88.  Special prestige license plates; Kappa Alpha Psi Fraternity, Inc.

A.  The secretary of the Department of Public Safety and Corrections shall establish a special prestige license plate, to be known as the Kappa Alpha Psi Fraternity, Incorporated plate, provided there is a minimum of one thousand applicants for such plate.  The license plate shall be restricted to passenger cars, pickup trucks, vans, and recreational vehicles.  The license plate shall be of a color and design selected by the local alumni chapter of the Kappa Alpha Psi Fraternity, Incorporated, provided that it is in compliance with R.S. 47:463(A)(3).

B.  The prestige license plate shall be issued, upon application,  to any citizen of Louisiana who is  a  member of the fraternity.  Each person who applies for the prestige license plate shall present to the office of motor vehicles his membership identification card indicating such membership.

C.  The department shall collect a one-time fee of twenty-five dollars for this prestige license plate.  The department shall also collect  the regular motor vehicle license fee provided for in R.S. 47:463 and a handling fee of three dollars and fifty cents.  The department shall retain the handling fee to offset a portion of administrative costs.

D.  The department shall collect the one-time fee for the prestige license plate and forward the fee to the state treasurer for immediate deposit in the state treasury.

E.  After compliance with the requirements of Article VII, Section 9(B) of the Constitution of Louisiana relative to the Bond Security and Redemption Fund, an amount equal to the monies received by the state treasury pursuant to Subsection D of this Section, shall be deposited into the Kappa Kamp Fund, which is hereby created as a special fund in the state treasury and hereafter referred to as the "fund".  All unexpended and unencumbered monies in the fund at the end of the fiscal year shall remain in the fund.  Monies in the fund shall be invested by the state treasurer in the same manner as monies in the state general fund and interest earned on the investment of such monies shall be deposited into the fund.  Monies in the fund shall only be withdrawn pursuant to an appropriation by the legislature solely for the purposes provided by this Section.

F.  The monies in the Kappa Kamp Fund shall be used solely for inner-city youth in grades six through ten to participate in Kappa Kamp, a summer enrichment camp sponsored by Kappa Alpha Psi Fraternity, Incorporated.

G.  The secretary shall establish rules and regulations as are necessary to implement the provisions of this Section, including but not limited to rules and regulations governing the collection and disbursement of fees, the transfer and disposition of such license plates, the colors available, and the design criteria.

Acts 2001, No. 665, §1.