FUND(S):

Road Fund

Sources of Revenue:

Special 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 “Stop Domestic Violence” registration plate. 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 other provisions of 17A-3-14, there must be at least 250 registrants prior to the Division of Motor Vehicles starting production of the “Stop Domestic Violence” plate.
    
     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 $3,325.
    
     Revenues generated from this plate will be $6,250 the first year, and $3,750 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 3,325 0
Personal Services 0 0 0
Current Expenses 0 1,250 0
Repairs and Alterations 0 0 0
Assets 0 0 0
Other 0 2,075 0
2. Estimated Total Revenues 0 6,250 3,750


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 250
    
     Total Cost $ 3,325.00
    
    Revenue
     One Time Fee $ 10.00
     Annual Fee $ 15.00
     Number of Plates 250
    
     First Year Revenue $ 6,250.00
     Second Year Revenue $ 3,750.00



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 deposited to the State Road Fun.



    Person submitting Fiscal Note: Rick Johnston
    Email Address: rjohnston@dot.state.wv.us