FISCAL NOTE
Date Requested: January 20, 2022 Time Requested: 03:14 PM |
Agency: |
Motor Vehicles, WV Division of |
CBD Number: |
Version: |
Bill Number: |
Resolution Number: |
2244 |
Introduced |
HB2733 |
|
CBD Subject: |
Actions, Suits and Liens |
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|
FUND(S):
Road Fund
Sources of Revenue:
Special Fund
Legislation creates:
Increases Revenue From Existing Sources, Increases Existing Expenses
Fiscal Note Summary
Effect this measure will have on costs and revenues of state government.
The purpose of this bill is to establish the Combat Action Badge and Combat Action Ribbon special registration plates.
The plates carry a one-time $10 initial application fee in addition to all other fees. The legislation would be subject to the provisions of ยง17A-3-14(d) which require the Division to collect at least 250 completed applications per plate, along with all associated fees, before design and production can begin. Therefore, total revenue would be $5,000 ($10 fee X 250 applications per plate X 2 number of plates).
The Division estimates it will cost $5,980 (26 hrs. X $115/hr. x 2 plates) for programming the cash register, and $7,200 (40 hrs. X $90/hr. X 2 plates) for mainframe programming. Registration plates of this nature cost approximately $7 per plate and will produce a total plate cost of $3,500 ($7 x 250 x 2). This produces a total current expense of $16,680 ($5,980 + $7,200 + $3,500).
Upon full implementation, the Division estimates there will be approximately 10 new plates issued each year at a cost of $70 ($7 per plate X 10 plates) and revenue of $100 ($10 one-time fee X 10 plates).
Fiscal Note Detail
Effect of Proposal |
Fiscal Year |
2022 Increase/Decrease (use"-") |
2023 Increase/Decrease (use"-") |
Fiscal Year (Upon Full Implementation) |
1. Estmated Total Cost |
0 |
16,680 |
70 |
Personal Services |
0 |
0 |
0 |
Current Expenses |
0 |
16,680 |
70 |
Repairs and Alterations |
0 |
0 |
0 |
Assets |
0 |
0 |
0 |
Other |
0 |
0 |
0 |
2. Estimated Total Revenues |
0 |
5,000 |
100 |
Explanation of above estimates (including long-range effect):
FY2023
$7,200 Mainframe Programming
$5,980 Cash Register Programming
$3,500 New Registration Plate
$16,680 Total Current Expense
Revenue
$5,000 One Time Fee
$5,000 Total Revenue
Upon Full Implementation
$70 New Registration Plate
$70 Total Current Expense
$100 One Time Fee
$100 Total Revenue
Memorandum
Person submitting Fiscal Note: Raeann Kriner
Email Address: raeann.k.kriner@wv.gov