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122nd MAINE LEGISLATURE |
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LD 1163 |
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LR 1449(01) |
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An Act
To Amend the Laws Regulating Street Rods and Custom Vehicles |
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Fiscal Note for Original Bill |
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Sponsor: Rep. Trahan of Waldoboro |
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Committee: Transportation |
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Fiscal Note Required: Yes |
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| Fiscal Note |
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| Undetermined net revenue impact - Highway Fund |
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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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$3,250 |
$0 |
$0 |
$0 |
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| Appropriations/Allocations |
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Highway Fund |
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$3,250 |
$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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The
repeal of the current registration fee for street rods will result in the
loss of $7,500 and $9,000 in fiscal years 2005-06 and 2006-07, respectively,
in Highway Fund revenues collected by the Bureau of Motor Vehicles within the
Department of the Secretary of State.
This bill authorizes the Secretary of State to establish a one-time
registration fee for street rods; the amount of revenues that will be
collected from this new fee can not be
determined at the present time.
The net effect on Highway Fund revenues from these changes in street
rod registration fees can not be determined until the new fee has been established
by the Secretary of State. |
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In
addition, the Bureau of Motor Vehicles will require a one-time Highway Fund
allocation of $3,250 in fiscal year 2005-06 for the costs of modifying the
bureau's computer system. |
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