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131st MAINE LEGISLATURE |
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LD 966 |
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LR 1699(02) |
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An Act to Align
the Automobile Title Requirements with Those of Antique Automobiles |
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Fiscal Note for
Bill as Amended by Committee Amendment " " |
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Committee: Transportation |
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Fiscal Note Required: Yes |
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| Fiscal Note |
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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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$53,565 |
$61,726 |
$61,726 |
$61,726 |
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| Appropriations/Allocations |
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Highway Fund |
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$7,271 |
$0 |
$0 |
$0 |
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| Revenue |
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Highway Fund |
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($46,294) |
($61,726) |
($61,726) |
($61,726) |
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| Fiscal Detail
and Notes |
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The bill includes
a one-time Highway Fund allocation of $7,271 in fiscal year 2023-24 to the
Department of Secretary of State 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. |
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