SB 1453 Summary

• Establishes affordable homeownership special license plates in Arizona, contingent on a person paying $32,000 to the Department of Transportation for implementation by December 31, 2019.

• Sets a $25 fee for affordable homeownership special plates ($8 for administration, $17 as annual donation) with the $8 going to the state highway fund and donations to a new affordable homeownership special plate fund.

• Creates the affordable homeownership special plate fund, which must first reimburse the $32,000 implementation cost, limit administrative expenses to 10% annually, and distribute remaining funds to 501(c)(3) charitable organizations focused on affordable housing and community development.

• Allows affordable homeownership plates to be combined with personalized plates, subject to director approval and additional personalized plate fees.

• Updates Arizona Revised Statutes sections 28-2351, 28-2403, 28-2463, 28-6501, 28-6991, and 28-6993 to incorporate special plate administration fees and donations into relevant definitions and fund sources.