Date Requested:February 17, 2009
Time Requested:02:33 PM
Agency: Motor Vehicles, Division of
CBD Number: Version: Bill Number: Resolution Number:
2009R1325 Introduced SB78
CBD Subject: CREATING PATRIOT GUARD LICENSE PLATE
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.

    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
    

Fiscal Note Detail
Over-all effect
Effect of Proposal Fiscal Year
2009
Increase/Decrease
(use"-")
2010
Increase/Decrease
(use"-")
Fiscal Year
(Upon Full
Implementation)
1. Estmated Total Cost 1,330 1,330 0
Personal Services 0 0 0
Current Expenses 500 500 0
Repairs and Alterations 0 0 0
Assets 0 0 0
Other 830 830 0
2. Estimated Total Revenues 2,500 2,500 1,500
3. Explanation of above estimates (including long-range effect):
     The purpose of this bill is to authorize a special Patriot Guard Riders 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 17A-3-14, the Patriot Guard Riders will have to have 100 registrants prior to the start of plate introduction.
    
     The Division has been paying $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.


Memorandum
Person submitting Fiscal Note:
Rick Johnston
Email Address:
Rick.M.Johnston@wv.gov