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121st Maine Legislature |
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Office of Fiscal and Program Review |
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LD 1294 |
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An Act To
Amend the Motor Vehicle Franchise Law
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LR 1735(01) |
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Fiscal Note for Original Bill |
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Sponsor: Sen. LaFountain of York |
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Committee: Business, Research and Economic
Development |
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Fiscal Note Required: Yes |
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Fiscal Note |
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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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$23,893 |
$21,136 |
$21,982 |
$22,861
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Appropriations/Allocations |
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Highway Fund |
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$23,893 |
$21,136 |
$21,982 |
$22,861
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Other Special Revenue Funds |
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$23,893 |
$21,136 |
$21,982 |
$22,861
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Revenue |
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Other Special Revenue Funds |
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$89,850 |
$119,800 |
$119,800 |
$119,800 |
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Correctional and
Judicial Impact Statements |
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This bill may increase the number of civil suits
filed in the court system |
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Fiscal Detail
and Notes |
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The
Department of the Secretary of State will need additional Highway Fund
allocations of $23,893 and $21,136 in fiscal years 2003-04 and 2004-05,
respectively, for half of the costs of a half-time Attorney position. The bill stipulates that the other half of
the costs of the half-time position must be covered by the newly established
Maine Motor Vehicle Franchise Board.
Therefore, the board will need Other Special Revenue funds allocations
of the same amounts for the same fiscal years. |
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The bill also
establishes new dedicated fees to be collected by the Maine Motor Vehicle
Franchise Board; the estimated amounts are $89,850 and $119,800 in fiscal
years 2003-04 and 2004-05, respectively. |
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