SECTION 1. Section 2F of Chapter 90 of the General Laws, as appearing in the 2012 Official Edition, is hereby amended by striking paragraph (a) in its entirety and inserting in place thereof the following paragraph:-

“(a) The registrar shall design, issue and regulate the use of distinctive registration plates, subject to the following conditions: an organization sponsoring or requesting a distinctive registration plate shall submit individual, pre-paid applications, each accompanied by a nonrefundable check in the amount of $40, requesting the distinctive registration plate on an application form determined by the registrar, and the application form shall include the name, address and signature of each individual requesting the distinctive registration plate.  The organization or group shall also be required to post a bond to secure the issuance of the distinctive plate in the following amount:

(i) a $200,000 bond when submitting 500 pre-paid applications;

(ii) a $150,000 bond when submitting 1,000 pre-paid applications; or

(iii) a $100,000 bond when submitting 1,500 pre-paid applications.

Upon the completion of the submission of the bond and the individual applications, the organization or group requesting the distinctive registration plate shall submit a proposed design for the plate.  Those organizations or groups that submit 3,000 pre-paid applications shall not be required to post a bond.  The registrar shall approve the design within 90 days of its submission. After the registrar grants approval of the design, the registrar shall send the distinctive registration plate into production.