122nd MAINE LEGISLATURE
		LD 128		LR 0867(01)
	An Act To Create a License Plate for the Elks Organization
	Fiscal Note for Original Bill
	Sponsor: Rep. Miller of Somerville
	Committee: Transportation
	Fiscal Note Required: Yes
Fiscal Note
					Projections	Projections
			2005-06	2006-07	2007-08	2008-09
Net Cost (Savings)
	Highway Fund		$19,386	($10,000)	($10,000)	($10,000)
Appropriations/Allocations
	Highway Fund		$39,386	$0	$0	$0
	Other Special Revenue Funds		$20,000	$20,000	$20,000	$20,000
Revenue
	Highway Fund
	Other Special Revenue Funds		$40,000	$30,000	$30,000	$30,000
Transfers
	Highway Fund		$20,000	$10,000	$10,000	$10,000
	Other Special Revenue Funds		($20,000)	($10,000)	($10,000)	($10,000)
Fiscal Detail and Notes
	The authorization of specialty motor vehicle registration plates for the Elks Organization will require a one-time Highway Fund allocation of $39,386 in fiscal year 2005-06 for the Bureau of Motor Vehicles within the Department of the Secretary of State; this allocation is based on the assumption that 2,000 plates will be issued and reflects the production costs for that amount of plates.  The allocation may need future adjustment if the number of plates that are actually issued varies significantly from 2,000.
	Based on the assumption of 2,000 plates issued , the bureau will be collecting $40,000 in Other Special Revenue Funds in fiscal year 2005-06; $20,000 of that amount will be deposited into the Elks Special Programs Fund which will need a corresponding Other Special Revenue Funds allocation.  The remaining $20,000 will be deposited into the Specialty License Plate Fund whereupon it will be transferred to the Highway Fund.  In fiscal year 2006-07 and for each year thereafter, the Elks Special Programs Fund will have estimated revenues and expenditures of $20,000 and the Specialty License Plate Fund will have annual revenues of $10,000 with subsequent transfers of that amount to the Highway Fund.