122nd MAINE LEGISLATURE
		LD 634		LR 0481(02)
	An Act To Amend the Electronic Insurance Cancellation Notification Law
	Fiscal Note for Bill as Amended by Committee Amendment "   "
	Committee: Transportation
	Fiscal Note Required: Yes
	Majority Report
Fiscal Note
					Projections	Projections
			2005-06	2006-07	2007-08	2008-09
Net Cost (Savings)
	Highway Fund		$13,000	$0	$0	$0
Appropriations/Allocations
	Highway Fund		$13,000	$0	$0	$0
	Federal Expenditures Fund
	Fund for a Healthy Maine
	Other Special Revenue Funds
	Federal Block Grant Funds
	Other Funds
Revenue
	General Fund
	Highway Fund
	Federal Expenditures Fund
	Fund for a Healthy Maine
	Other Special Revenue Funds
	Federal Block Grant Funds
	Other Funds
Transfers
	General Fund
	Highway Fund
	Federal Expenditures Fund
	Fund for a Healthy Maine
	Other Special Revenue Funds
	Federal Block Grant Funds
	Other Funds
Correctional and Judicial Impact Statements
Bond Issues		Term(years)	Principal	Rate (%)	Interest	Total Cost
	General Fund - Non-taxable	10		3.7%	$0	$0
Referendum Costs		Month/Year	Election Type	Question	Length
		Nov-05	General	Referendum	Standard
		Jun-05	Special	Initiated Bill	Lengthy
	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.
Fiscal Detail and Notes
	Changes in certain insurance notification requirements will necessitate a one-time Highway Fund allocation of $13,000 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.