The proposed legislation, known as the Lares-Herring Act, aims to establish a distinctive motor vehicle license plate in Alabama to support brain cancer research. Under the new provisions, residents can apply for a "Brain Cancer Research" license plate by submitting an application to the appropriate issuing official, complying with existing motor vehicle registration laws, and paying a standard fee along with an additional annual fee of $50. These distinctive plates will be valid for five years and can be replaced with either conventional or personalized plates thereafter. The issuance of these plates is contingent upon Blazer Bolt, Incorporated maintaining its eligibility for a distinctive license plate category.

Additionally, the bill stipulates that the annual fee collected for these plates will be allocated to fund brain cancer research in Alabama, with Blazer Bolt, Incorporated responsible for the design of the plates, subject to approval by the Commissioner of Revenue. The Department of Revenue is also authorized to adopt rules for the implementation of this act. The legislation will take effect on January 1, 2024, following its passage and approval by the Governor. The bill modifies existing laws by inserting provisions for the new license plate while deleting any conflicting regulations.