(a)
(1) The owner of a street rod or a custom vehicle who is a resident of the State of Arkansas may apply for and annually renew a special license plate or a special license plate that bears a decal that is issued under this subchapter.
(2) The application for registration of a street rod or a custom vehicle under this subchapter shall include an affidavit to be completed by the owner of the street rod or custom vehicle which states that the street rod or custom vehicle:
(A) Will be maintained for occasional transportation, exhibitions, club activities, parades, tours, or similar uses; and
(B) Will not be used for general daily transportation.
(b)
(1) An applicant for a special license plate or for a special license plate that bears a decal under this subchapter shall remit to the Office of Motor Vehicle payment of a one-time initial fee of fifty dollars ($50.00) for each street rod or custom vehicle.
(2) An applicant for renewal of a special license plate issued under § 27-15-4003 [repealed] shall not be required to resubmit this initial fee.
(c) The office shall furnish to the owner of a street rod or custom vehicle who complies with the requirements of subsections (a) and (b) of this section a special license plate or special license plate that bears a decal to be displayed on the street rod or custom vehicle in lieu of the usual license plate.
(d) To renew a special license plate or a special license plate that bears a decal issued under this subchapter or under prior law, the owner of the street rod or custom vehicle shall remit an annual fee of twenty-five dollars ($25.00).
(e)
(1) To replace a special license plate or a special license plate that bears a decal issued under this subchapter, the owner of the street rod or custom vehicle shall remit to the office a fee of ten dollars ($10.00) if the registration has not expired.
(2) The owner of the street rod or custom vehicle shall remit to the office the fees stated in subsection (d) of this section if the registration has expired.
(f)
(1) The fee remitted to the office under subdivision (e) of this section shall be deposited into the State Central Services Fund for the benefit of the Revenue Division of the Department of Finance and Administration.
(2) The fee shall be credited as supplemental and in addition to all other funds deposited for the benefit of the division.
(3) The fee shall not be considered or credited to the division as direct revenue.
(g) The registration of a special license plate or a special license plate that bears a decal issued under this subchapter may:
(1) Continue from year to year as long as it is renewed each year within the time and manner required by law; and
(2) Be renewed as provided under §§ 27-14-1012 and 27-14-1013.
(h) A street rod or custom vehicle shall not be eligible for any other licensing of a motor vehicle except as provided in this subchapter.
(i) The office shall consult with the street rod community and custom vehicle community in the state before changing the design of the special license plate or special license plate decal issued under this subchapter.