HB4856 Summary

• Authorizes the Department of Veterans' Affairs to issue Fold of Honor special license plate decals in Illinois.

• Sets fees at $25 for original issuance and $25 for renewal, with $10 from original issuance and $23 from renewals deposited into the Folds of Honor Foundation Fund.

• Deposits $15 from original issuance and $2 from renewals into the Secretary of State Special License Plate Fund.

• Creates the Folds of Honor Foundation Fund in the State treasury, with money paid as grants to the Folds of Honor Foundation to provide educational scholarships to military families.

• Makes corresponding amendments to the State Finance Act to establish the new fund.