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 Lions International membership registration plate. This bill also establishes a one time fee of $10.00 to cover the cost of issuance and an annual fee of $15.00 for each plate. These fees are in addition to the regular annual registration fees.
    
    In accordane with 17A-3-14, the Lions International will have to have 100 registrants prior to the start of plate production.
    
    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 $1,330.
    
    
    Revenues generated from this plate will be $2,500 the first year and $1,500 in subsequent years.
    



Fiscal Note Detail


Effect of Proposal Fiscal Year
2005
Increase/Decrease
(use"-")
2006
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):


    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
    



Memorandum


     Person submitting Fiscal Note: Richard M. Johnston
     Email Address: rjohnston@dot.state.wv.us