123rd MAINE LEGISLATURE
LD 2075 LR 3227(05)
An Act To Amend Motor Vehicle Laws
Fiscal Note for House Amendment "     " to Committee Amendment "A"
Sponsor: Rep. Jackson of Allagash
Fiscal Note Required: Yes
             
Fiscal Note
2007-08 2008-09 Projections 2009-10 Projections 2010-11
Net Cost (Savings)
Highway Fund $0 $75,000 $72,500 $62,500
Appropriations/Allocations
Other Special Revenue Funds $0 ($123,014) ($126,014) ($126,514)
Revenue
Highway Fund $0 ($75,000) ($72,500) ($62,500)
Other Special Revenue Funds $0 $75,000 $72,500 $62,500
Fiscal Detail and Notes
This amendment eliminates the deposit of $1 of each specialty license plate initial contribution, and $1 of each annual renewal into the Specialty License Plate Fund and will result in a decrease in allocation of Other Special Revenue Funds of $123,014 in fiscal year 2008-09 to the Secretary of State, Bureau of Motor Vehicles.  It will also result in an allocation to the various Other Special Revenue Funds accounts to which the specialty license plates are deposited in the same amount.  This amendment also eliminates the deposit of $10 of each initial Sportsman license plate fee, and $5 of each Sportsman annual renewal fee, to the Highway Fund and will decrease Highway Fund revenues in fiscal year 2008-09 by $75,000 and increase the various Other Special Revenue Funds accounts to which the specialty license plate fees are deposited by the same amount.