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121st Maine Legislature |
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Office of Fiscal and Program Review |
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LD 520 |
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An Act
To Improve Motor Vehicle Safety |
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LR0909(01) |
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Fiscal Note for Original Bill |
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Sponsor: Rep. Norbert of Portland |
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Committee:
Transportation |
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Fiscal Note Required: Yes |
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Fiscal Note |
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Current
biennium cost increase - Highway Fund |
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Current
biennium revenue increase - Highway Fund |
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Projections |
Projections |
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2003-04 |
2004-05 |
2005-06 |
2006-07 |
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Net Cost
(Savings): |
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Highway Fund |
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$40,804 |
$98,507 |
($223,657) |
($378,683) |
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Appropriations/Allocations |
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Highway Fund |
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$40,804 |
$258,813 |
$263,989
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$269,269
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Revenue |
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Highway Fund |
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$0 |
$160,306 |
$487,646 |
$647,952 |
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Fiscal Detail
and Notes |
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Changing
the driver's license renewal requirements for certain drivers will require
additional Highway Fund allocations to the Bureau of Motor Vehicles within
the Department of the Secretary of State.
The amounts are $40,804 and $258,813 in fiscal years 2003-04 and
2004-05, respectively. In addition,
these same changes in driver's license renewal requirements will increase
Highway Fund revenue collected by the bureau; the estimated amounts are
$160,306, $487,646 and $647,952 in fiscal years 2004-05, 2005-06 and 2006-07,
respectively. |
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