|Date Requested:February 11, 2005
Time Requested:02:48 PM
| FUND(S) |
Sources of Revenue
Legislation creates:Neither Program nor Fund
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.
|Effect of Proposal||Fiscal Year|
|1. Estmated Total Cost||1,330||1,330||0|
|Repairs and Alterations||0||0||0|
|2. Estimated Total Revenues||2,500||2,500||1,500|
3. 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
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