SB2974 - Tennessee: Arts, Special License Plates

Companion Bill HB3634. Special License Plates - Revises amount of new specialty license plate revenue that arts commission may award in grants prior to distribution to urban and rural arts organizations from $393,600 to 50 percent of revenue collected for such plates. - Amends TCA Section 55-4-215. Fiscal Summary for *SB2974 / HB3634MINIMAL Bill Summary for *SB2974 / HB3634 Present law requires 40 percent of the funds produced from the sale or renewal of new specialty earmarked motor vehicle registration plates to be allocated to the Tennessee arts commission for the purpose of making grants to qualifying urban and rural arts organizations or events. Prior to making the grants to qualifying urban and rural arts organizations or events, present law authorizes the arts commission to expend up to $393,600 for other grants and activities as determined [...]

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