(1) An owner or lessee of a motor vehicle who is ú 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 for in § 55-4-204, shall be issued a Make-A-Wish 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 contain the logo or other appropriate design representative of the Make-A-Wish Foundation. The plates shall be designed in consultation with a representative of the Make-A-Wish Foundation of East Tennessee/North Georgia, Inc.
(3) In accordance with § 55-4-301, the funds produced from the sale of the Make-A-Wish Foundation new specialty earmarked license plates shall be allocated to the Make-A-Wish Foundation of East Tennessee/North Georgia, Inc., for distribution to the three (3) Make-A-Wish Foundation chapters serving Tennessee with an allocation of one-third (1/3) to each chapter, to be used exclusively in Tennessee to further the Foundation's mission to help strengthen and empower children with life-threatening medical conditions.