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122nd MAINE LEGISLATURE |
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LD 2061 |
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LR 3171(02) |
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An Act
To Issue Certificates of Title for Single-unit Mobile Homes |
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Fiscal Note for Bill as Amended by Committee
Ammendment " " |
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Committee: Judiciary |
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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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General Fund |
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$0 |
$0 |
$8,880 |
$13,315 |
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Highway Fund |
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$0 |
$0 |
$21,032 |
($5,060) |
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Appropriations/Allocations |
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General Fund |
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Highway Fund |
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$0 |
$0 |
$25,632 |
$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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$0 |
$0 |
($8,880) |
($13,315) |
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Highway Fund |
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$0 |
$0 |
$4,600 |
$5,060 |
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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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4.1% |
$0 |
$0 |
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Referendum Costs |
Month/Year |
Election Type |
Question |
Length |
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Nov-06 |
General |
Referendum |
Standard |
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Jun-06 |
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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Changes
in the filing requirements for motor homes will result in the estimated loss
of $8,880 and $13,315 in General Fund revenue for fiscal years 2007-08 and
2008-09, respectively, collected by the Department of the Secretary of State. In addition, the Bureau of Motor Vehicles
within the department will require a one-time Highway Fund allocation of
$25,632 in fiscal year 2007-08 for the costs of computer programming changes
and necessary training. Finally, the
bureau will be collecting an estimated $4,600 and $5,060 in fiscal years
2007-08 and 2008-09, respectively, in registration fee revenue for the
Highway Fund. |
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