Date Requested:February 18, 2013
Time Requested:01:47 PM
Agency: Motor Vehicles, Division of
CBD Number: Version: Bill Number: Resolution Number:
2013R1783 Introduced HB2522
CBD Subject: HATFIELD AND MCCOY 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.

     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
Over-all effect
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
3. 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