FISCAL NOTE
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 Wheeling Jesuit University 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 17A-3-14, Wheeling Jesuit University will have to have 100 registrants prior to the start of plate introduction.
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 $1,3300.
Revenues generated from this plate will be $2,500 the first year, and $1,500 in subsequent years. All revenues generated by this bill will be deposited to the State Road Fund.
Fiscal Note Detail
Effect of Proposal |
Fiscal Year |
2008 Increase/Decrease (use"-") |
2009 Increase/Decrease (use"-") |
Fiscal Year (Upon Full Implementation) |
1. Estmated Total Cost |
0 |
1,330 |
0 |
Personal Services |
0 |
0 |
0 |
Current Expenses |
0 |
500 |
0 |
Repairs and Alterations |
0 |
0 |
0 |
Assets |
0 |
0 |
0 |
Other |
0 |
830 |
0 |
2. Estimated Total Revenues |
0 |
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
The special registration plate revenue account mentioned in the bill has been merged with the State Road Fund. All revenues generated by this bill will be deposited to the State Road Fund.
Person submitting Fiscal Note: Rick Johnston
Email Address: rjohnston@dot.state.wv.us