(1) A special interest organization that is the sponsor of a special license plate or a special license plate that bears a decal under this subchapter shall prepare and submit an annual accounting report to the Secretary of the Department of Finance and Administration by December 1 of each calendar year.
(2) The report shall include an accounting of the revenues and expenditures associated with the design-use contribution fee charged for the special license plate or the special license plate that bears a decal.
(3) If the special interest organization fails to comply with this section, then the secretary may: Suspend the issuance of a special license plate or special license plate that bears a decal under this subchapter; or
(4) Suspend the payment of the design-use contribution fee to the special interest organization.