(a) The Administration shall develop and make available for qualifying vehicles a specially designed vintage reproduction registration plate.

(b) The owner of a vehicle, or a lessee of the vehicle under a lease not intended as security, or a director, an officer, an employee, or a partner of a business entity that owns the vehicle considered eligible by the Administration may apply to the Administration for a registration plate under this section if the vehicle is included in one of the following classes:

(1) A Class A (passenger) vehicle;

(2) A Class E (truck) vehicle with a manufacturer’s rated capacity of 1 ton or less;

(3) A Class L (historic) vehicle;

(4) A Class M (multipurpose) vehicle; or

(5) A Class N (street rod) vehicle.

(c) In addition to the annual registration fee otherwise required under this title, an owner of a vehicle assigned a registration plate under this section shall pay when initially issued the registration plate and each time the registration plate is renewed:

(1) A fee set by the Administration to recover the Administration’s costs under this section; and

(2) A fee set by the Administration to be credited to the Gasoline and Motor Vehicle Revenue Account for distribution under § 8-403 or § 8-404 of this article.

(d) The special registration plate issued under this section shall:

(1) Be available for sale for 1 year from the date of initial issuance; and

(2) Resemble the black lettering on yellow background registration plate issued by the State for display on a motor vehicle in 1910.