NC S128

Increases the additional fee for Kappa Alpha Psi Fraternity special registration plates from $20.00 to an unspecified amount (the bill text shows the change but does not explicitly state the new amount).

Modifies the distribution of fees collected from Kappa Alpha Psi plates to allocate all funds to the Collegiate and Cultural Attraction Plate Account (CCAPA) instead of splitting between CCAPA and the Special Registration Plate Account (SRPA).

Requires the Division of Motor Vehicles to transfer quarterly funds from Kappa Alpha Psi plate sales to Kappa Alpha Psi Fraternity, Inc. for scholarships, education, professional development, and similar programs.

Prohibits any proceeds from the special plates from being distributed to board members as compensation or honorarium.

Becomes effective July 1, 2017.