Minnesota Statutes Transportation (Ch. 160-174A) § 168.129. Special collegiate plates

Subdivision 1. General requirements and procedures. The commissioner shall issue special collegiate plates to an applicant who:

Subd. 3. No refund. Contributions under this section must not be refunded.

Subd. 4. Plates transfer. Despitesection 168.12, subdivision 1, on payment of a transfer fee of $5, plates issued under this section may be transferred to another passenger automobile registered to the individual to whom the special collegiate plates were issued.

Subd. 5. Fees credited. Fees collected under this section do not include the contributions collected for the scholarship account.

Subd. 6. Scholarship account. A scholarship account is created in the state treasury. Except for one percent that may be retained by the commissioner for administrative costs, all contributions received under this section must be deposited by the commissioner in the scholarship account. Money in the scholarship account is appropriated to the governing board of the institution to which it is attributable, as provided in subdivision 7.

Subd. 7. Record. The commissioner shall maintain a record of the number of plates issued for each postsecondary institution or system to determine the amount of scholarship funds available to that institution or system.