Date Requested:February 25, 2013
Time Requested:02:36 PM
Agency: Motor Vehicles, Division of
CBD Number: Version: Bill Number: Resolution Number:
2013R2286 Introduced HB2719
CBD Subject: "IN GOD WE TRUST" VANITY LICENSE PLATES
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 “In God We Trust” 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 “In God We Trust” plate.
    
     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, or $3,375.
    
     Revenues generated from this plate, based on the minimum number of 250 registrations, 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
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 3,375 3,375 3,375
Personal Services 0 0 0
Current Expenses 1,250 1,250 1,250
Repairs and Alterations 0 0 0
Assets 0 0 0
Other 2,125 2,125 2,125
2. Estimated Total Revenues 6,250 6,250 3,750
3. Explanation of above estimates (including long-range effect):
    Cost to issue the plate
     Plate Cost $ 8.50
     Administrative Cost $ 5.00
     Total Cost Per Plate $ 13.50
     Number of Plates 250
    
     Total Cost $ 3,375
    
    Revenue
     One Time Fee $ 10
     Annual Fee $ 15
     Number of Plates 250
    
     First Year Revenue $ 6,250
     Second Year Revenue $ 3,750
    


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