Date Requested: January 23, 2015
Time Requested: 10:36 AM
Agency: Motor Vehicles, Division of
CBD Number: Version: Bill Number: Resolution Number:
1984 Introduced HB2196
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 of this bill is to authorize a special Hatfield and McCoy registration plate. This bill establishes a one-time fee of $10 to cover the cost of issuance of the plate and an additional fee of $15 for each plate annually.
    
     The Division has been paying $8.50 for special plates, plus $5 for administration costs. The total cost to issue this special plate is $13.50 per plate.
    
     Net revenue generated from this plate will be $11.50 per plate in the first year, which includes the $10 one-time fee and the $15 annual fee. Each year thereinafter there will be the $15 annual fee.
    



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 14 14 14
Personal Services 0 0 0
Current Expenses 5 5 5
Repairs and Alterations 0 0 0
Assets 0 0 0
Other 9 9 9
2. Estimated Total Revenues 12 12 12


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


     Cost to issue each plate $ 8.50
     Administrative Cost $ 5.00
     Total Cost per Plate $13.50
    
    
     Revenue
     First Year Revenue $25.00
     Second Year Revenue $15.00
    



Memorandum


    



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