The bill amends Florida Statutes concerning specialty license plates by introducing new requirements for organizations that receive annual use fees. Organizations must now submit a 5-year financial projection, detailing anticipated revenues and expenditures, to the Department of Highway Safety and Motor Vehicles within 60 days of the law's approval. Failure to submit this information on time will result in the deauthorization of the specialty license plate. Additionally, the Department is responsible for providing an annual report to the Governor and Legislature summarizing the financial projections received. The bill also prohibits the distribution of annual use fees or interest earned from these fees to certain entities, ensuring proper use of funds.

Furthermore, the bill establishes several new specialty license plates for various organizations, including the Moffitt Cancer Center and Miami Dade College, each featuring specific designs. The annual use fees collected from these plates will be allocated to the associated organizations, allowing them to use up to 10% for administrative costs and marketing, while the remainder will support programs like scholarships and community initiatives. The bill also revises the oversight of specialty license plates, stating that if an organization does not comply with departmental recommendations, revenue distributions will be halted until the next legislative session, with the potential for deauthorization of the plate if no legislative direction is provided. The act is set to take effect on October 1, 2026.

Statutes affected:
S 246 c1: 320.08056, 320.08058
S 246 e1: 320.08056, 320.08058
S 246 e2: 320.08062
S 246 er: 320.08062