Alabama Code (Last Updated: November 28, 2014) |
Title32 MOTOR VEHICLES AND TRAFFIC. |
Chapter6. LICENSES AND REGISTRATION. |
Article2. License Tags and Plates. |
Division21. "Olympic Spirit" License Tags or Plates. |
§32-6-401. Production costs; distribution of proceeds.
Latest version.
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The production costs shall be paid monthly to the Department of Corrections by the Alabama Sports Foundation, and the foundation shall be provided with a monthly report detailing revenue by county from the Alabama state Comptroller. Proceeds from the additional revenues generated by the twenty-five dollars ($25) for the "Olympic Spirit" tags or plates, less administrative costs, shall be submitted monthly by the Alabama state Comptroller, to the Alabama Sports Foundation which shall remit one-half of the net proceeds to the United States Olympic Committee for the general operation of its amateur sports program.