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122nd MAINE LEGISLATURE |
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LD 735 |
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LR 1061(01) |
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An Act
To Clarify Registration for Noncommercial Trucks and Registration
Requirements for Nonresidents |
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Fiscal Note for Original Bill |
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Sponsor: Rep. Saviello of Wilton |
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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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$934,300
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$1,219,750
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$1,219,750
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$1,219,750
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Appropriations/Allocations |
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Highway Fund |
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$19,500 |
$0 |
$0 |
$0 |
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Revenue |
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Highway Fund |
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($914,800) |
($1,219,750) |
($1,219,750) |
($1,219,750) |
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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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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. |
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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. |
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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. |
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