(1) A sponsoring organization that is an institution may use funds received through the sponsored special group license plate program only for:
- (a) the institution's academic scholarships; or
- (b) the institution's intercollegiate athletics program for compensation for a student athlete's name, image, or likeness as described in Title 53H, Chapter 6, Part 2, Athletics.
- (2) The state auditor may audit each institution to verify that the money an institution collects from contributors is used only for the uses described in Subsection (1).
- (3) A sponsoring organization that is an institution may establish the contribution amount required to obtain the institution's collegiate special group license plate.
Amended by Chapter 9, 2025 Special Session 1