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130th MAINE LEGISLATURE |
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LD 266 |
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LR 882(01) |
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An Act To Create
the Maine Lighthouse Trust Registration Plate |
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Preliminary
Fiscal Impact Statement for Original Bill |
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Sponsor: Sen. Deschambault of York |
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Committee: Transportation |
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Fiscal Note Required: Yes |
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| Preliminary
Fiscal Impact Statement |
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FY 2021-22 |
FY 2022-23 |
Projections FY 2023-24 |
Projections FY 2024-25 |
| Net Cost
(Savings) |
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Highway Fund |
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$42,407 |
($18,454) |
($20,343) |
($21,965) |
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| Appropriations/Allocations |
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Highway Fund |
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$52,287 |
$0 |
$0 |
$0 |
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Other Special Revenue Funds |
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$11,500 |
$32,671 |
$37,124 |
$40,905 |
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| Revenue |
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Highway Fund |
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$9,880 |
$18,454 |
$20,343 |
$21,965 |
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Other Special Revenue Funds |
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$12,650 |
$35,938 |
$40,836 |
$44,996 |
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| Fiscal Detail
and Notes |
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The bill proposes
the Maine Lighthouse Trust specialty registration plate. The Department of Secretary of State would
require a one-time Highway Fund allocation of $52,287 in fiscal year 2021-22
to manufacture the plates. The
Department would also require an Other Special Revenue Funds allocation of
$11,500 and 32,671, respectively, in fiscal years 2021-22 and 2022-23 to
remit funds to the Maine Lighthouse Trust.
Highway Fund revenues would be increased by $9,880 and $18,454,
respectively, in fiscal years 2021-22 and 2022-23 and Other Special Revenue
Funds revenues would be increased by $12,650 and $35,938, respectively, in
fiscal years 2021-22 and 2022-23. |
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