Date Requested: February 11, 2015
Time Requested: 12:29 PM
Agency: Motor Vehicles, Division of
CBD Number: Version: Bill Number: Resolution Number:
2326 Introduced HB2700
CBD Subject: Motor Vehicles


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.


    SALARY BENEFITS
     2 CSR’s $ 72,201
     1 CSR Lead $ 38,146
     1 Investigator $ 48,178
     Total $158,524
    
     Current Office Overhead $22.417 x .333 = $7,465
     7,465 per month x 12 $90,000 year
    
    Miscellaneous Equipment $6,649 x 4 = $26,596
    1 Vehicle $4,800 per year
    Lyft and Uber are the prominent
     companies involved. $5,000 x 2 = $10,000
    



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 0 0 0
Personal Services 0 0 0
Current Expenses 0 0 0
Repairs and Alterations 0 0 0
Assets 0 0 0
Other 0 0 0
2. Estimated Total Revenues -116,875 -116,875 -116,875


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


    The purpose of this bill is to allow and regulate transportation network companies.
    
     Implementation of this legislation will require establishing a new regulatory section within the Division of Motor Vehicles (DMV). It is estimated that at least three additional persons, plus one trained investigator would need to be added. This would allow for initial application review, insurance verification, and review of any and all complaints. While it appears that §17-29-10 sets forth self-regulation, §17-29-18 shifts the regulatory authority to the DMV.
    
     Transaction numbers for this type of regulation are not readily available, so all calculations are best estimated approximations.
    



Memorandum


    



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