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Tennessee Code Title 55. Motor and Other Vehicles § 55-4-216

Current as of January 02, 2024 | Updated by Findlaw Staff

(a) Effective July 1, 1998, and for all subsequent fiscal years, all revenues produced from the sale or renewal of cultural motor vehicle registration plates as defined in § 55-4-201, excluding personalized plates and the arts plates authorized by § 55-4-240, after deducting the expense the department has incurred in designing, manufacturing and marketing the plates, shall be allocated as follows:

(1) Eighty percent (80%) of the funds shall be allocated to the Tennessee arts commission created in title 4, chapter 20; and

(2) Twenty percent (20%) of the funds shall be allocated to the state highway fund.

(b)(1) Notwithstanding subsection (a), the revenues produced from the sale or renewal of personalized plates pursuant to § 55-4-210 and the revenues produced from the personalization of cultural, specialty earmarked and new specialty earmarked motor vehicle registration plates pursuant to §§ 55-4-214 and 55-4-241, or renewals thereof, shall be allocated in accordance with § 55-4-215.

(2) Notwithstanding this section, the revenues produced from the sale or renewal of the cultural plates to support the arts authorized by § 55-4-240 shall be allocated in accordance with § 55-4-217.

(c) Nothing in this section shall be construed as reallocating the revenues produced from the regular motor vehicle registration fees, or renewals thereof, imposed by part 1 of this chapter. The revenues shall be allocated in accordance with § 55-6-107.

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Cite this article: FindLaw.com - Tennessee Code Title 55. Motor and Other Vehicles § 55-4-216 - last updated January 02, 2024 | https://codes.findlaw.com/tn/title-55-motor-and-other-vehicles/tn-code-sect-55-4-216/

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