Authorizes creation of US Navy Veteran license plates.
Impact
Legally, A793 will amend Title 39 of the Revised Statutes of New Jersey to create a framework for these special plates. Funds collected from the application fees will be deposited into a newly created non-lapsing fund known as the 'United States Navy Veteran License Plate Fund.' These funds will support programs benefiting Navy veterans after deducting administrative costs for the license plate program, ensuring that the initiative contributes positively to veterans' services.
Summary
Assembly Bill A793 seeks to authorize the issuance of special United States Navy Veteran license plates by the New Jersey Motor Vehicle Commission for honorably discharged Navy veterans. The license plates will feature the designation 'U.S. Navy Retired' along with relevant insignia, and serve as a form of recognition for the service of Navy veterans. The bill establishes specific criteria for obtaining the plates, such as proving veteran status and submitting a $50 application fee, alongside an annual renewal fee of $10.
Contention
While the bill is primarily aimed at honoring and recognizing Navy veterans, concerns regarding the financial implications of the license plate program have been raised. The bill states that public funds cannot be utilized for the initial setup and ongoing costs of the plates; rather, a maximum of $25,000 will come from private sources to cover initial costs. Additionally, if the average cost of producing and issuing these plates exceeds $50 for two consecutive years, the program may be discontinued, introducing a potential risk to its longevity and efficacy.