55-4-263 - Supporter of Saint Jude Children's Research Hospital. - Tennessee Statutes

55-4-263. Supporter of Saint Jude Children's Research Hospital.

(a)  An owner or lessee of a motor vehicle who is a resident of this state, upon complying with state motor vehicle laws relating to registration and licensing of motor vehicles, and paying the regular fee applicable to the motor vehicle and the fee provided for in § 55-4-203, shall be issued a supporter of Saint Jude Children's Research Hospital specialty earmarked license plate for a motor vehicle authorized by § 55-4-210(c).

(b)  The specialty earmarked plates provided for in this section shall be designed in consultation with the chair of the board of directors of Saint Jude Children's Research Hospital.

(c)  (1)  The funds produced from the sale of the supporters of Saint Jude Children's Research Hospital specialty earmarked license plates, less the expense the state has incurred in designing and manufacturing the plates, shall be deposited in a special fund in the general fund to be used exclusively for research into the causes and treatment of cancer and cancer-related illnesses in children at children's hospitals in Tennessee that have such treatment and research as their principal mission. The commissioner of health shall make grants to these hospitals for such research from moneys available in the special fund.

     (2)  There is established a general fund reserve to be allocated by the general appropriations act, which shall be known as the children's cancer research endowment fund. Moneys from the fund may be expended to fund activities authorized by this section. Any revenues deposited in this reserve shall remain in the reserve until expended for purposes consistent with this section, and shall not revert to the general fund on any June 30. Any excess revenues on interest earned by the revenues shall not revert on any June 30, but shall remain available for appropriation in subsequent fiscal years. Any appropriation from this reserve shall not revert to the general fund on any June 30, but shall remain available for expenditure in subsequent fiscal years.

[Acts 1998, ch. 1063, § 1.]