Date Requested:February 11, 2005
Time Requested:02:48 PM
Agency: Motor Vehicles, Division of
CBD Number: Version: Bill Number: Resolution Number:
2005r670 intro hb2247
CBD Subject: license plates lions club
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
Over-all effect
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
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
    
    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