DMV News Releases
FOR IMMEDIATE RELEASE
Thursday, October 13, 2011
Special Plates Revenue Sharing Program Raised $3.1 Million
Monies will benefit colleges and special interests groups
RICHMOND - Fifty-two Virginia organizations, institutions and localities are receiving funds through the Department of Motor Vehicles (DMV) based on revenue sharing special license plate sales during fiscal year 2011. Drivers who registered their vehicles with special license plates between June 2010 and June 2011 helped generate $3,109,170 for their favorite colleges and causes, the highest participation since the program's debut in 1992.
Approximately $ 2.4 million will go to Virginia organizations and localities. The Clean Special Fuel plate was the top seller for revenue sharing plates, with $361,000 in revenue for the Virginia State Police HOV-enforcement fund. The Friends of the Chesapeake plate trailed behind with $292,000 in revenue. Notable top sellers include Kids First (FACT), Operation Wildflower - VDOT, Animal Friendly and Virginia Breast Cancer Awareness, which generated nearly $611,000 in shared revenue for these organizations.
Another $643,000 will go to Virginia colleges and universities. Virginia Tech alumni and fans proved Hokie pride runs deep, as Tech maintained its top position with $264,000 in revenue for scholarships. Other top sellers include University of Virginia, James Madison University and the College of William and Mary, which generated $175,000 in total.
More than $30 million has been distributed to Virginia colleges and participating organizations since the Virginia General Assembly established the special plates program. Revenue sharing plates cost $25 in addition to vehicle registration fees. After the sale of the first 1,000 plates, $15 of each $25 special plate fee collected goes to the designated organization. For a complete list of available special plates, visit www.dmvNOW.com.
