Date Requested: January 23, 2015
Time Requested: 10:36 AM
Agency: Motor Vehicles, Division of
CBD Number: Version: Bill Number: Resolution Number:
1637 Introduced HB2185
CBD Subject: Motor Vehicles


FUND(S):

Road Fund

Sources of Revenue:

General Fund

Legislation creates:

Neither Program nor Fund



Fiscal Note Summary


Effect this measure will have on costs and revenues of state government.


    The purpose fo this bill is to authorize a Class G vanity license plate for honorably discharged veterans and his or her spouse. An annual fee of $15 is to be charged for every registration plate issued according to this subsection.
    
    The Division has been paying $5.45 for veteran motorcycle license plates, plus $5 for administration costs. The cost to issue this special vanity plate is $10.45.
    
    Net revenue for this plate will be $4.55 per year.



Fiscal Note Detail


Effect of Proposal Fiscal Year
2015
Increase/Decrease
(use"-")
2016
Increase/Decrease
(use"-")
Fiscal Year
(Upon Full
Implementation)
1. Estmated Total Cost 10 10 10
Personal Services 0 0 0
Current Expenses 5 5 5
Repairs and Alterations 0 0 0
Assets 0 0 0
Other 5 5 5
2. Estimated Total Revenues 5 5 5


Explanation of above estimates (including long-range effect):


    Cost to issue each plate $ 5.45
     Administrative $ 5.00
     Total Cost per Plate $10.45
    
    
    Revenue
     First Year Revenue $ 4.55
     Second Year Revenue $ 4.55



Memorandum


    



    Person submitting Fiscal Note: Jerry Conrad
    Email Address: jerry.l.conrad@wv.gov