121st Maine Legislature
Office of Fiscal and Program Review
LD 362
An Act To Rescind the Vehicle Registration of a Person Who Pays for That Registration with a Bad Check     
LR 0528(02)
Fiscal Note for Bill as Amended by Committee Amendment " "
Committee: Transportation
Fiscal Note Required: Yes
Minority Report
   
             
Fiscal Note
Projections Projections
2003-04 2004-05 2005-06 2006-07
Net Cost (Savings):
Highway Fund $39,089 $42,372 $44,323 $46,364
Appropriations/Allocations
Highway Fund $41,100 $45,053 $47,170 $49,388
Revenue
Highway Fund $2,011 $2,681 $2,847 $3,024
Fiscal Detail and Notes
As amended, the bill includes Highway Fund allocations of $41,100 and $45,053 in fiscal years 2003-04 and 2004-05, respectively, for one Clerk IV position and related expenses for the Bureau of Motor Vehicles within the Department of the Secretary of State to suspend vehicle registrations of those people who paid the vehicle excise tax with a bad check.  The bureau will also collect increased revenues for the Highway Fund from reinstatement fees; the estimated amounts will be $2,011 and $2,681 in fiscal years 2003-04 and 2004-05, respectively.