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122nd MAINE LEGISLATURE |
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LD 419 |
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LR 1059(01) |
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An Act
To Create a License Plate for the National Rifle Association |
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Fiscal Note for Original Bill |
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Sponsor: Rep. Cebra of Naples |
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Committee: Transportation |
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Fiscal Note Required: Yes |
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Fiscal Note |
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Projections |
Projections |
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2005-06 |
2006-07 |
2007-08 |
2008-09 |
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Net Cost
(Savings) |
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Highway Fund |
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$26,211 |
($12,500) |
($11,000) |
($11,000) |
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Appropriations/Allocations |
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Highway Fund |
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$46,211 |
$0 |
$0 |
$0 |
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Other Special Revenue Funds |
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$20,000 |
$20,000 |
$17,000 |
$17,000 |
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Revenue |
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Other Special Revenue Funds |
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$40,000 |
$32,500 |
$28,000 |
$28,000 |
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Transfers |
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Highway Fund |
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$20,000 |
$12,500 |
$11,000 |
$11,000 |
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Other Special Revenue Funds |
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($20,000) |
($12,500) |
($11,000) |
($11,000) |
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Fiscal Detail
and Notes |
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The
authorization of specialty motor vehicle registration plates for the National
Rifle Association will require a one-time Highway Fund allocation of $46,211
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 number
of plates. The allocation may need
future adjustment if the number of plates that are actually issued varies
significantly from 2,000. |
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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 National Rifle Association 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, the National Rifle Association Special Programs Fund
will have estimated revenue and expenditures of $20,000 and the Specialty
License Plate Fund will have revenue of $12,500 with subsequent transfers of
that amount to the Highway Fund. |
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