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Sponsor Statement for HB 509
Alaska Children's Trust License Plates

An Act relating to Alaska children's trust registration plates; and providing for an effective date.

House Bill 509 makes one minor change to Alaska statute to allow the Alaska Children's Trust (ACT) to market Alaska Children's Trust license plates to commercial motor vehicle owners. Current Alaska statute only allows owners of noncommercial vehicles to apply for and purchase ACT license plates.

The Alaska Children's Trust is a savings account dedicated to funding community-initiated projects to eliminate child abuse and neglect. The trust's funds grow through gifts, bequests, corporate and individual contributions, legislative appropriations, federal funds, and sales of heirloom marriage and birth certificates as well as children's trust license plates.

This small change in statute will allow the Alaska Children's Trust to respond positively to requests by industry and private business to purchase ACT license plates for fleet vehicles and to market sales to an additional 56,500 vehicle owners who support the mission and activities of the Alaska Children's Trust. The $100 one-time fee could increase the trust by $5,650,000 for the prevention of child abuse and neglect.

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