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.
House Bill 4206
The purpose of this bill is to authorize a special Shepherd 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 other provisions of 17A-3-14, there must be at least 100 registrants prior to the Division of Motor Vehicles Starting production of the Shepherd University plate.
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. All revenues generated by this bill will be deposited to the State Road Fund.
Fiscal Note Detail
Effect of Proposal |
Fiscal Year |
2010 Increase/Decrease (use"-") |
2011 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
Revenue
One Time Fee $ 10.00
Annual Fee $ 15.00
Number of Plates 100
First Year Revenue $ 2,500
Second Year Revenue $ 1,500
Memorandum
Person submitting Fiscal Note: Rick Johnston
Email Address: Rick.M.Johnston@wv.gov