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122nd MAINE LEGISLATURE |
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LD 1430 |
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LR 2139(01) |
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An Act
To Establish Special License Plates To Honor Maine Residents Serving Overseas |
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Fiscal Note for Original Bill |
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Sponsor: Rep. Pilon of Saco |
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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 |
$62,422 |
($25,000) |
($22,000) |
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Appropriations/Allocations |
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Highway Fund |
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$0 |
$92,422 |
$0 |
$0 |
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Other Special Revenue Funds |
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$0 |
$30,000 |
$40,000 |
$34,000 |
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Revenue |
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Highway Fund |
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Other Special Revenue Funds |
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$0 |
$60,000 |
$65,000 |
$56,000 |
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Transfers |
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Highway Fund |
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$0 |
$30,000 |
$25,000 |
$22,000 |
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Other Special Revenue Funds |
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$0 |
($30,000) |
($25,000) |
($22,000) |
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Fiscal Detail
and Notes |
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The
authorization of two specialty motor vehicle registration plates to honor
Maine residents serving overseas will require a one-time Highway Fund
allocation of $92,422 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 a total of
4,000 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 4,000. |
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Based
on the assumption of a total of 4,000 plates issued , the bureau will be
collecting $60,000 in Other Special Revenue Funds in fiscal year 2006-07;
$15,000 of that amount will be deposited into the Support Our Troops Special
Program Fund and another $15,000 will be deposited into the Serving America
Special Programs Fund. Both funds
will need corresponding Other Special Revenue Funds allocations. The remaining $30,000 will be deposited
into the Specialty License Plate Fund whereupon it will be transferred to the
Highway Fund. |
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