NJ S720

Creates United States Navy Veteran license plates in New Jersey for honorably discharged Navy veterans, displaying "U.S. Navy Retired" and Navy insignia

Requires a $50 initial application fee plus $10 annual renewal fee, in addition to standard registration fees

Establishes the "United States Navy Veteran License Plate Fund" in the Department of the Treasury, with proceeds supporting programs benefiting Navy veterans through the Department of Military and Veterans' Affairs

Prohibits use of state or public funds for initial program costs; requires up to $25,000 in private contributions and a minimum of 500 completed applications before the commission will begin producing plates

Program expires if funding and application requirements are not met within 12 months of enactment; chief administrator may discontinue the program if average cost per plate exceeds $50 for two consecutive fiscal years