(1) An owner or lessee of a motor vehicle who is a resident of this state, upon complying with state motor vehicle laws relating to registration and licensing of motor vehicles and paying the regular fee applicable to the motor vehicle and the fee provided in § 55-4-204, shall be issued a Dollywood Foundation new specialty earmarked license plate for a motor vehicle authorized by § 55-4-210(c).
(2) The new specialty earmarked license plates provided for in this section shall be designed in consultation with a representative from the Dollywood Foundation.
(3) The funds produced from the sale of the Dollywood Foundation new specialty earmarked license plates shall be allocated to the Dollywood Foundation in accordance with § 55-4-301. The funds shall be used to support and promote childhood literacy through Dolly Parton's Imagination Library.