FUND(S):

Road Fund

Sources of Revenue:

Other Fund

Legislation creates:

Neither Program nor Fund



Fiscal Note Summary


Effect this measure will have on costs and revenues of state government.


    
     The purpose of this bill is to authorize a special organizational registration plate for the American Veterans (AMVETS). This bill establishes a one time fee of $10.00 to cover the cost of issuance of the plate and an annual fee of $15.00 for each plate. These fees are in addition to the regular annual registration fee.
    
     In accordance with 17A-3-14, the AMVETS will have to have 100 prepaid applicants prior to the start of plate introduction.
    
     The Division has been paying an average of $8.30 for special plates, plus $5.00 for administration cost. Total cost to issue this special plate is $13.30 per plate, or $1,3300.
    
     Revenues generated from this plate will be $2,500 the first year, and $1,500 in subsequent years. All revenues generated by this bill will be deposited to the State Road Fund.
    



Fiscal Note Detail


Effect of Proposal Fiscal Year
2008
Increase/Decrease
(use"-")
2009
Increase/Decrease
(use"-")
Fiscal Year
(Upon Full
Implementation)
1. Estmated Total Cost 0 1,330 0
Personal Services 0 0 0
Current Expenses 0 500 0
Repairs and Alterations 0 0 0
Assets 0 0 0
Other 0 830 0
2. Estimated Total Revenues 0 2,500 1,500


Explanation of above estimates (including long-range effect):


    Cost to issue the plate
     Plate Cost $ 8.30
     Administrative Cost $ 5.00
     Total Cost Per Plate $ 13.30
     Number of Plates 100
    
     Total Cost $ 1,330.00
    
    Revenue
     One Time Fee $ 10.00
     Annual Fee $ 15.00
     Number of Plates 100
    
     First Year Revenue $ 2,500.00
     Second Year Revenue $ 1,500.00



Memorandum


    The special registration plate revenue account mentioned in the bill has been merged with the State Road Fund. All revenues generated by this bill will be dposited to the State Road Fund. Person submitting Fiscal Note: Rick Johnston
     Email Address: rjohnston@dot.state.wv.us