HB 2193 Summary

• Authorizes the issuance of special license plates for regionally accredited institutions of higher education with at least one university campus in Arizona if the institution pays $32,000 to the department by December 31, 2016 for implementation costs.

• Establishes a $25 annual fee for the special plates, with $8 designated as a special plate administration fee deposited to the state highway fund and $17 as a donation to a new regionally accredited institution of higher education special plate fund.

• Creates the regionally accredited institution of higher education special plate fund, which must reimburse the $32,000 implementation fee first, then allocate remaining monies annually to foundations of qualifying institutions with at least 2,000 on-campus students and nondiscrimination admissions policies.

• Allows up to 10 percent of annual fund monies to be used for administration costs, with investment earnings credited back to the fund.

• Permits combining regionally accredited institution of higher education special plates with personalized plates if approved by the director, subject to both sets of fees.