This bill authorizes the creation of special Student Movement Against Cancer (SMAC) license plates in New Jersey, which will feature the phrase "Peace Out, Cancer" and an emblem supporting the SMAC foundation. The Chief Administrator of the New Jersey Motor Vehicle Commission will oversee the issuance of these plates, which will require a $50 application fee and a $10 annual renewal fee. The funds collected from these fees will be deposited into a newly established Student Movement Against Cancer License Plate Fund, which will support the foundation's mission and programs after covering administrative costs. The bill also stipulates that if the average cost of producing the plates exceeds the application fee for two consecutive years, the program may be discontinued.

Additionally, the bill specifies that no state or public funds will be used for the initial costs associated with the license plate program. Instead, the SMAC foundation or a designated entity must contribute up to $25,000 to cover these costs, and they must also provide at least 500 completed applications for the plates before the commission can begin production. The bill will take effect immediately but will remain inoperative until the specified conditions are met within a 15-month timeframe. If these conditions are not satisfied, the bill will expire.