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122nd MAINE LEGISLATURE |
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LD 1396 |
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LR 2215(01) |
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An Act
To Create a Speciality License Plate for Members of the Maine National Guard |
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Fiscal Note for Original Bill |
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Sponsor: Sen. Plowman of Penobscot |
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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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$0 |
$31,211 |
($12,500) |
($11,000) |
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| Appropriations/Allocations |
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Highway Fund |
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$0 |
$46,211 |
$0 |
$0 |
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Other Special Revenue Funds |
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$0 |
$15,000 |
$20,000 |
$17,000 |
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| Revenue |
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Highway Fund |
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Other Special Revenue Funds |
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$0 |
$30,000 |
$32,500 |
$28,000 |
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| Transfers |
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Highway Fund |
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$0 |
$15,000 |
$12,500 |
$11,000 |
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Other Special Revenue Funds |
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$0 |
($15,000) |
($12,500) |
($11,000) |
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| Fiscal Detail
and Notes |
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The
authorization of specialty motor vehicle registration plates for members of
the Maine National Guard will require a one-time Highway Fund allocation of
$46,211 in fiscal year 2006-07 for the Bureau of Motor Vehicles within the
Department of the Secretary of State.
This allocation is based on the assumption that 2,000 plates will be
issued and reflects the production costs for that number of plates. The allocation may need future adjustment
if the number of plates that are actually issued varies significantly from
2,000. |
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Based
on the assumption of 2,000 plates issued , the bureau will be collecting
$30,000 in Other Special Revenue Funds in fiscal year 2006-07; $15,000 of
that amount will be deposited into the Maine Military Family Relief Fund
which will need a corresponding Other Special Revenue Funds allocation. The remaining $15,000 will be deposited
into the Specialty License Plate Fund whereupon it will be transferred to the
Highway Fund. |
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