Sec. 1. 20-A MRSA c. 419-E is enacted to read:

CHAPTER 419-E

MAINE BLACK BEARS SCHOLARSHIP FUND

§11691.__Maine Black Bears Scholarship Fund

The Maine Black Bears Scholarship Fund is created and established as a nonlapsing fund under the jurisdiction and control of the Finance Authority of Maine.__All revenues credited to this fund must be distributed as need-based scholarships for students attending the University of Maine.__These scholarships may only be awarded to students who meet the eligibility requirements for a scholarship under the student incentive scholarship program.__The Finance Authority of Maine shall award the scholarships and adopt rules for determining eligibility, terms and conditions for the scholarships.__The fund may not be used for the costs of administering the scholarships.__Rules adopted pursuant to this section are routine technical rules pursuant to Title 5, chapter 375, subchapter II-A.

Sec. 2. 29-A MRSA §456-A is enacted to read:

§456-A.__Maine Black Bears registration plate

1.__Maine Black Bears plates.__Subject to requirements of section 468, the Secretary of State, upon receiving an application and evidence of payment of the excise tax required by Title 36, section 1482, the annual motor vehicle registration fee required by section 501 and the contribution provided for in subsection 2, shall issue a registration certificate and a set of Maine Black Bears special registration plates to be used in lieu of regular registration plates.__These plates must bear identification numbers and letters.

2.__Contribution to Maine Black Bears Scholarship Fund.__In addition to the regular motor vehicle registration fee prescribed by law for the particular class of vehicle registered, the initial contribution for Maine Black Bears plates is $20, which must be deposited with the Treasurer of State and credited as follows:

A.__Fourteen dollars to the Maine Black Bears Scholarship Fund established in Title 20-A, section 11691; and