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131st MAINE LEGISLATURE |
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LD 736 |
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LR 515(01) |
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An Act to Remove
the Requirement That Certain Motor Vehicles Be Equipped with a Front License
Plate |
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Preliminary
Fiscal Impact Statement for Original Bill |
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Sponsor: Sen. Hickman of Kennebec |
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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 2023-24 |
FY 2024-25 |
Projections FY 2025-26 |
Projections FY 2026-27 |
Net Cost
(Savings) |
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Highway Fund |
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($214,443) |
($221,499) |
($221,499) |
($221,499) |
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Appropriations/Allocations |
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Highway Fund |
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($214,443) |
($221,499) |
($221,499) |
($221,499) |
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Other Special Revenue Funds |
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($97,001) |
($97,001) |
($97,001) |
($97,001) |
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Correctional
and Judicial Impact Statements |
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There may be a
minor reduction of workload associated with the minimal number of cases that
will no longer be filed in the court system.
A reduction in fine revenue associated with removing the requirement that
certain motor vehicles display a registration plate on the front of the
vehicle will decrease General Fund and other dedicated revenue by minor
amounts. |
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Fiscal Detail
and Notes |
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Eliminating the
requirement that front registration plates must be displayed on motor
vehicles will allow annual Highway Fund deallocations of $221,499 beginning
in fiscal year 2023-24 and annual Other Special Revenue Funds deallocations
of $97,001 beginning in fiscal year 2023-24.
The Department of Secretary of State will require a one-time Highway
Fund allocation of $7,056 in fiscal year 2023-24 for updates to computer
programs. There may be some additional
costs for the collection and destruction of license plate and sticker
materials. It is assumed that there is
no change to the current registration and license plate fees. |
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