Sec. 3. (a) The secretary shall:
(1) issue a research and development license plate under this chapter to a manufacturer of a vehicle subcomponent system; and
(2) adopt rules under IC 4-22-2 to prescribe the general conditions for the:
(A) application;
(B) issuance; and
(C) use;
of research and development license plates for manufacturers of vehicle component systems.
(b) The fee for a research and development license plate for a manufacturer of a vehicle subcomponent system is twenty dollars ($20). The fee shall be distributed as follows:
(1) Thirty percent (30%) to the dealer compliance account.
(2) Seventy percent (70%) to the motor vehicle highway account.
(c) A research and development license plate for a manufacturer of a vehicle subcomponent system shall be displayed in accordance with subsection (a)(2).