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122nd MAINE LEGISLATURE |
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LD 634 |
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LR 0481(01) |
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An Act
To Amend the Electronic Insurance Cancellation Notification Law |
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Fiscal Note for Original Bill |
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Sponsor: Rep. Fischer of Presque Isle |
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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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$140,400
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$0 |
$0 |
$0 |
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| Appropriations/Allocations |
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Highway Fund |
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$140,400 |
$0 |
$0 |
$0 |
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Federal Expenditures Fund |
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Fund for a Healthy Maine |
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Other Special Revenue Funds |
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Federal Block Grant Funds |
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Other Funds |
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| Revenue |
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General Fund |
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Highway Fund |
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Federal Expenditures Fund |
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Fund for a Healthy Maine |
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Other Special Revenue Funds |
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Federal Block Grant Funds |
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Other Funds |
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| Transfers |
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General Fund |
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Highway Fund |
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Federal Expenditures Fund |
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Fund for a Healthy Maine |
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Other Special Revenue Funds |
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Federal Block Grant Funds |
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Other Funds |
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| Correctional and Judicial Impact Statements |
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| Bond Issues |
Term(years) |
Principal |
Rate (%) |
Interest |
Total Cost |
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General Fund - Non-taxable |
10 |
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3.7% |
$0 |
$0 |
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| Referendum Costs |
Month/Year |
Election Type |
Question |
Length |
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Nov-05 |
General |
Referendum |
Standard |
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Jun-05 |
Special |
Initiated Bill |
Lengthy |
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The Secretary of
State's budget includes sufficient funds to accommodate one ballot of average
length for the general election in November. If the number or size of the
referendum questions increases the ballot length, an additional appropriation
of $8,000 or more may be required. A
special election would require an additional appropriation of $121,392. |
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| Fiscal Detail
and Notes |
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Changes
in certain insurance notification requirements will necessitate a one-time
Highway Fund allocation of $140,400 in fiscal year 2005-06 for the Bureau of
Motor Vehicles within the Department of the Secretary of State for the costs
of reprogramming the bureau's computer system. |
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