Authorizes creation of US Navy Veteran license plates.

This bill authorizes New Jersey to issue special "U.S. Navy Retired" license plates for veterans who were honorably discharged from the U.S. Navy, as verified by their DD-214 form. Applicants pay a $50 one-time fee and a $10 annual fee, with proceeds funding a dedicated "U.S. Navy Veteran License Plate Fund" that supports programs for Navy veterans. The plates require design approval from the Motor Vehicle Commission and the Adjutant General, and implementation depends on securing at least 500 applications and $25,000 in private funding to cover initial costs. The program remains inactive until these conditions are met, with a 12-month deadline for implementation after enactment.