(1) designing, producing, issuing, and publicizing the availability of alumni license plates; or

(2) any computer programming changes which may be necessary to implement an alumni license plate program established by P.L.2023, c.232 (C. 39:3-27.164 et seq.).

b. An alumni association of each four-year public institution of higher education or an individual or entity designated by the alumni association, shall contribute non-public monies in an amount to be determined by the chief administrator, not to exceed a total of $25,000, to offset the initial costs incurred by the commission for designing, producing, issuing, and publicizing the availability of the alumni license plates for the four-year public institution of higher education, and any computer programming which may be necessary to implement the alumni license plate program. Concerned organizations and individual donors may contribute monies to the alumni association to offset the initial costs incurred by the commission for alumni license plates authorized by P.L.2023, c.232 (C. 39:3-27.164 et seq.). Any amount remaining after the payment of the initial cost shall be deposited in the special non-lapsing fund established for the applicable alumni license plate program pursuant to subsection c. of section 3 of P.L.2023, c.232 (C. 39:3-27.166).

c. The commission shall not begin designing, producing, issuing, or publicizing the availability of the alumni license plates for the four-year public institution of higher education, or making any necessary programming changes, until the following requirements have been met:

(1) An alumni association of the four-year public institution of higher education or an individual or entity designated by the alumni association, has provided the commission with the non-public monies necessary, as determined by the chief administrator pursuant to subsection b. of this section, to offset the initial costs incurred by the commission in establishing the alumni license plate program; and

(2) The liaison appointed by the director of the alumni association pursuant to subsection g. of section 3 of P.L.2023, c.232 (C. 39:3-27.166) has provided the commission with not less than 500 completed applications for the alumni license plates. These applications shall constitute the initial order for the alumni license plates and shall be accompanied by a fee representing the total cost of the initial order. The fee shall be determined by multiplying the number of sets of license plates being ordered by the applicable initial fee for each set of license plates as set forth in subsection b. of section 3 of P.L.2023, c.232 (C. 39:3-27.166).

L.2023, c.232, s.4.