The bill amends Chapter 31-3 of the General Laws to create a special motor vehicle registration plate for the not-for-profit entity Friends of the Historic Narragansett Towers. The administrator of the Division of Motor Vehicles is empowered to make these special plates available, which will reference the organization and be displayed in place of standard registration plates. The design of the plates will be developed by the Friends of the Historic Narragansett Towers in conjunction with the Division of Motor Vehicles, and must be approved by the Rhode Island State Police.

The bill outlines specific procedures for the issuance of these plates, including a $40 issuance surcharge. This surcharge will be allocated as follows: $20 to the general fund and $20 to the Friends of the Historic Narragansett Towers to support cultural and performing arts programs aimed at raising public awareness and support for the preservation and use of the Towers in Rhode Island. Additionally, a $10 surcharge will apply for subsequent registration renewals, with these funds also allocated to the organization.

The Friends of the Historic Narragansett Towers must use any Rhode Island-sourced funds for the benefit of Rhode Island-based charitable organizations and are required to submit an annual accounting report before the distribution of funds. There will be no refunds for early cancellation of the Friends of the Historic Narragansett Towers plates. The act will take effect upon passage.