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92_SB0267eng
SB267 Engrossed LRB9202535DHcsA
1 AN ACT in relation to vehicles.
2 Be it enacted by the People of the State of Illinois,
3 represented in the General Assembly:
4 Section 5. The State Finance Act is amended by adding
5 Section 5.545 as follows:
6 (30 ILCS 105/5.545 new)
7 Sec. 5.545. The Marine Corps Scholarship Fund.
8 Section 10. The Illinois Vehicle Code is amended by
9 adding Section 3-648 as follows:
10 (625 ILCS 5/3-648 new)
11 Sec. 3-648. U.S. Marine Corps license plates.
12 (a) In addition to any other special license plate, the
13 Secretary, upon receipt of all applicable fees and
14 applications made in the form prescribed by the Secretary of
15 State, may issue special registration plates designated as
16 U.S. Marine Corps license plates to residents of Illinois who
17 meet eligibility requirements prescribed by the Secretary of
18 State. The special plate issued under this Section shall be
19 affixed only to passenger vehicles of the first division,
20 motor vehicles of the second division weighing not more than
21 8,000 pounds, and recreational vehicles as defined by Section
22 1-169 of this Code. Plates issued under this Section shall
23 expire according to the staggered multi-year procedure
24 established by Section 3-414.1 of this Code.
25 (b) The design, color, and format of the plates shall be
26 wholly within the discretion of the Secretary of State,
27 except that the U.S. Marine Corps emblem shall appear on the
28 plates. The Secretary may, in his or her discretion, allow
29 the plates to be issued as vanity or personalized plates in
SB267 Engrossed -2- LRB9202535DHcsA
1 accordance with Section 3-405.1 of this Code. The plates are
2 not required to designate "Land Of Lincoln", as prescribed in
3 subsection (b) of Section 3-412 of this Code. The Secretary
4 shall prescribe the eligibility requirements and, in his or
5 her discretion, shall approve and prescribe stickers or
6 decals as provided under Section 3-412.
7 (c) An applicant shall be charged a $20 fee for original
8 issuance in addition to the applicable registration fee. Of
9 this additional fee, $15 shall be deposited into the
10 Secretary of State Special License Plate Fund and $5 shall be
11 deposited into the Marine Corps Scholarship Fund. For each
12 registration renewal period, a $20 fee, in addition to the
13 appropriate registration fee, shall be charged. Of this
14 additional fee, $2 shall be deposited into the Secretary of
15 State Special License Plate Fund and $18 shall be deposited
16 into the Marine Corps Scholarship Fund.
17 (d) The Marine Corps Scholarship Fund is created as a
18 special fund in the State treasury. All moneys in the Marine
19 Corps Scholarship Fund shall, subject to appropriation by the
20 General Assembly and approval by the Secretary, be used by
21 the Marine Corps Scholarship Foundation, Inc., a recognized
22 charitable organization that meets the requirements of Title
23 26, Section 501(c)(3) of the United States Code, to provide
24 grants for scholarships for higher education. The scholarship
25 recipients must be the children of current or former members
26 of the United States Marine Corps who meet the academic,
27 financial, and other requirements established by the Marine
28 Corps Scholarship Foundation. In addition, the recipients
29 must be Illinois residents and must attend a college or
30 university located within the State of Illinois.
31 The State Treasurer shall require the Marine Corps
32 Scholarship Foundation to establish a separate account for
33 receipt of the proceeds of the Marine Corps Scholarship Fund.
34 That account shall be subject to audit either annually or at
SB267 Engrossed -3- LRB9202535DHcsA
1 another interval, as determined by the State Treasurer.
2 Proceeds from the Marine Corps Scholarship Fund shall be
3 transferred on a quarterly basis by the State Treasurer's
4 office to this separate account.
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