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


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


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