|
|
|
|
|
|
|
|
131st MAINE LEGISLATURE |
|
|
LD 966 |
|
LR 1699(01) |
|
|
|
An Act to Align
the Automobile Title Requirements with Those of Antique Automobiles |
|
Preliminary Fiscal
Impact Statement for Original Bill |
|
Sponsor: Rep. Greenwood of Wales |
|
Committee: Transportation |
|
Fiscal Note Required: Yes |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Preliminary
Fiscal Impact Statement |
|
|
|
|
|
|
|
|
|
|
FY 2023-24 |
FY 2024-25 |
Projections FY 2025-26 |
Projections FY 2026-27 |
| Net Cost
(Savings) |
|
|
|
|
|
|
Highway Fund |
|
$53,565 |
$61,726 |
$61,726 |
$61,726 |
|
|
|
|
|
|
|
| Appropriations/Allocations |
|
|
|
|
|
|
Highway Fund |
|
$7,271 |
$0 |
$0 |
$0 |
|
|
|
|
|
|
|
| Revenue |
|
|
|
|
|
|
Highway Fund |
|
($46,294) |
($61,726) |
($61,726) |
($61,726) |
|
|
|
|
|
|
|
| Fiscal Detail
and Notes |
|
|
|
|
|
|
The Department of
Secretary of State will require a one-time Highway Fund allocation of $7,271
in fiscal year 2023-24 for computer programming updates. The bill will
decrease the number of vehicles requiring titles, decreasing Highway Fund
revenue by $46,294 in fiscal year 2023-24 and $61,726 in fiscal year 2024-25. |
|
|
|
|
|
|
|