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 Hatfield and McCoy registration plate. This bill establishes a one time fee of $10.00 to cover the cost of issuance of the plate and an additional fee of $15.00 for each plate annually.
    
     The Division has been paying $8.50 for special plates, plus $5.00 for administration cost. Total cost to issue this special plate is $13.50 per plate.
    
     Net revenues generated from this plate will be $11.50 per plate in the first year, which includes the $10 one time fee and the $15 annual fee. Each year thereafter there will be the $15 annual fee.
    



Fiscal Note Detail


Effect of Proposal Fiscal Year
2013
Increase/Decrease
(use"-")
2014
Increase/Decrease
(use"-")
Fiscal Year
(Upon Full
Implementation)
1. Estmated Total Cost 13 13 13
Personal Services 0 0 0
Current Expenses 5 5 5
Repairs and Alterations 0 0 0
Assets 0 0 0
Other 8 8 8
2. Estimated Total Revenues 11 11 11


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


    Cost to issue each plate
     Plate Cost $ 8.50
     Administrative Cost $ 5.00
     Total Cost Per Plate $ 13.50
    
    
    
    
    Revenue
     First Year Revenue $25.00 per plate
     Second Year Revenue $15.00 per plate
    
    (On the fiscal note detail above, the numbers are .50 less than actual figures because system will not accept decimal point and half dollar amounts)



Memorandum


     Person submitting Fiscal Note: Jerry L. Conrad
     Email Address: Jerry.L.Conrad@wv.gov