|
|
|
|
|
|
|
|
123rd MAINE LEGISLATURE |
|
|
LD 964 |
|
LR 837(02) |
|
|
|
An Act To
Establish a Special License Plate To Honor Maine Residents Serving Our
Country |
|
Fiscal Note for
Bill as Amended by Committee Amendment " " |
|
Committee: Transportation |
|
Fiscal Note Required: Yes |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Fiscal Note |
|
|
|
|
|
|
|
|
|
|
2007-08 |
2008-09 |
Projections 2009-10 |
Projections 2010-11 |
Net Cost
(Savings) |
|
|
|
|
|
|
Highway Fund |
|
($30,000) |
($18,500) |
($18,500) |
($18,500) |
|
|
|
|
|
|
|
Appropriations/Allocations |
|
|
|
|
|
|
Other Special Revenue Funds |
|
$58,018 |
$0 |
$0 |
$0 |
|
Prison Industries Fund |
|
$2,000 |
$2,060 |
$2,122 |
$2,185 |
|
|
|
|
|
|
|
Revenue |
|
|
|
|
|
|
Highway Fund |
|
$30,000 |
$18,500 |
$18,500 |
$18,500 |
|
Other Special Revenue Funds |
|
$48,018 |
$32,000 |
$32,000 |
$32,000 |
|
|
|
|
|
|
|
Fiscal Detail
and Notes |
|
|
|
|
|
|
The
authorization of a "We Support Our Troops" registration plate will
increase Highway Fund revenue by an estimated $30,000 in fiscal year 2007-08
and $18,500 in fiscal year 2008-09.
The bill includes an additional one-time Other Special Revenue Funds
allocation of $58,018 in fiscal year 2007-08 for the Specialty Plate Fund
within the Bureau of Motor Vehicles for the costs of manufacturing the
plates. This additional allocation
presumes that the sponsor of the registration plate will provide an
additional $18,018 in dedicated revenue (it has already provided $40,000) to
be deposited into the Specialty Plate Fund by May 1, 2007 to provide adequate
resources for this increased expenditure. |
|
|
|
|
|
|
|
The plate will
also increase dedicated revenue to the newly established Maine National Guard
Foundation Fund within the Department of Defense, Veterans and Emergency
Management. The estimated amounts are
$30,000 and $32,000 in fiscal years 2007-08 and 2008-09, respectively. |
|
This legislation
includes a Prison Industries Fund allocation to the Department of Corrections
of $2,000 in fiscal year 2007-08 and $2,060 in fiscal year 2008-09 to
allocate funds for the cost of the stock to produce the plates. |
|
|
|
|
|
|
|