(1) The Secretary of the Department of Finance and Administration shall provide for and issue a special personalized license plate for passenger motor vehicles.
(2) The special personalized license plate shall be issued in lieu of the standard license plate for vehicles, upon application therefor and the payment of a fee of twenty-five dollars ($25.00) per year in addition to the regular registration fee prescribed for the vehicle to which the special plate is to be attached.
(3) The color of the background and color of the numbers or letters on the special personalized license plate shall be identical to the colors on the standard permanent plate issued.
(4) The secretary, in his or her discretion, may limit the number of characters or the context in which they appear on the license plate.
(5) No identical special personalized license plate shall be issued for more than one (1) vehicle.
(6) In the event the owner does not desire to renew his or her special personalized license plate, he or she shall surrender the special personalized license plate at the time of renewal of registration.
(7) The willful failure or neglect thereof shall be a misdemeanor.
(8) The secretary may adopt rules concerning the issuance of a special personalized license plate.