131st MAINE LEGISLATURE
LD 966 LR 1699(02)
An Act to Align the Automobile Title Requirements with Those of Antique Automobiles
Fiscal Note for Bill as Amended by Committee Amendment " "
Committee: Transportation
Fiscal Note Required: Yes
             
Fiscal Note
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 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.