122nd MAINE LEGISLATURE
LD 735 LR 1061(01)
An Act To Clarify Registration for Noncommercial Trucks and Registration Requirements for Nonresidents
Fiscal Note for Original Bill
Sponsor: Rep. Saviello of Wilton
Committee: Transportation
Fiscal Note Required: Yes
   
             
Fiscal Note
Projections Projections
2005-06 2006-07 2007-08 2008-09
Net Cost (Savings)
Highway Fund $934,300 $1,219,750 $1,219,750 $1,219,750
Appropriations/Allocations
Highway Fund $19,500 $0 $0 $0
Revenue
Highway Fund ($914,800) ($1,219,750) ($1,219,750) ($1,219,750)
Fiscal Detail and Notes
Changing motor vehicle registration requirements for certain nonresidents will decrease Highway Fund revenue by an estimated $797,800 and $1,063,750 in fiscal years 2005-06 and 2006-07, respectively, from a loss in the collection of motor vehicle registration fees.
The additional change in motor vehicle registration requirements for certain noncommercial trucks will decrease Highway Fund revenue by an estimated $117,000 and $156,000 in fiscal years 2005-06 and 2006-07, respectively, from a loss in the collection of motor vehicle registration fees.
The aforementioned changes in motor vehicle registration requirements will necessitate a one-time Highway Fund allocation of $19,500 in fiscal year 2005-06 for the Bureau of Motor Vehicles within the Department of the Secretary of State to cover the costs of reprogramming the bureau's computer system.