VEH CD-LINCOLN BICENTENNIAL

Amends the Illinois Vehicle Code and the State Finance Act. Provides for the issuance of Lincoln Bicentennial license plates. Provides for a $25 fee for original issuance in addition to the appropriate registration fee, of which $10 shall be deposited into the Lincoln Legacy Scholarship Fund and $15 shall be deposited into the Secretary of State Special License Plate Fund. Provides for a $25 fee for each registration renewal period, in addition to the appropriate registration fee, of which $23 shall be deposited into the Lincoln Legacy Scholarship Fund and $2 shall be deposited into the Secretary of State Special License Plate Fund. Creates the Lincoln Legacy Scholarship Fund as a special fund in the State treasury and provides that all money in the Lincoln Legacy Scholarship Fund shall be paid, subject to appropriation by the General Assembly and approval by the Secretary of State, as grants to the Illinois Community College System Foundation for scholarships to students at public and private Illinois colleges and universities. Effective immediately.