(a) A motor vehicle, trailer, or semitrailer that is the property of and used exclusively by any institution of higher education as defined by § 61.003 must have the name of the institution printed on the side of the vehicle. The inscription must be in a color sufficiently different from the body of the vehicle and must be of letters of sufficient height so that the lettering is plainly legible at a distance of not less than 100 feet. This subsection does not apply to a motor vehicle used by:
(1) a peace officer commissioned under Subchapter E; or
(2) a chancellor or president of an institution of higher education.
(b) A person commits an offense if the person operates a vehicle subject to Subsection (a) without the proper inscription. An offense under this subsection is a Class C misdemeanor.