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 Lions International membership registration plate. This bill also establishes a one time fee of $10.00 to cover the cost of issuance and an annual fee of $15.00 for each plate. These fees are in addition to the regular annual registration fees.
In accordane with 17A-3-14, the Lions International will have to have 100 registrants prior to the start of plate production.
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.
Fiscal Note Detail
| Effect of Proposal |
Fiscal Year |
2005
Increase/Decrease
(use"-") |
2006
Increase/Decrease
(use"-") |
Fiscal Year
(Upon Full
Implementation) |
| 1. Estmated Total Cost |
1,330 |
1,330 |
0 |
| Personal Services |
0 |
0 |
0 |
| Current Expenses |
500 |
500 |
0 |
| Repairs and Alterations |
0 |
0 |
0 |
| Assets |
0 |
0 |
0 |
| Other |
830 |
830 |
0 |
| 2. Estimated Total Revenues |
2,500 |
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
Person submitting Fiscal Note: Richard M. Johnston
Email Address: rjohnston@dot.state.wv.us