VEH CD-K-12 EDUCATION PLATES

Amends the Illinois Vehicle Code and the State Finance Act. Provides for issuance of K-12 Education license plates, at an additional initial charge of $40 and an additional renewal charge of $27. Provides that $15 of the additional initial charge and $2 of the renewal charge shall go to the Secretary of State Special License Plate Fund. Provides that $25 of the initial and renewal charges shall be deposited into the K-12 Education Fund. Creates the K-12 Education Fund as a special fund in the State Treasury. Provides that all moneys in the K-12 Education Fund shall, subject to appropriation by the General Assembly and approval by the Secretary of State, be paid as grants to the individual school districts designated by each applicant.