Road Fund

Sources of Revenue:

Special Fund

Legislation creates:

Neither Program nor Fund

Fiscal Note Summary

Effect this measure will have on costs and revenues of state government.

     The purpose of this bill is to authorize a special “In God We Trust” registration plate. This bill establishes a one time fee of $5.00 to cover the cost of issuance of the plate and an annual fee of $5.00 for each plate. These fees are in addition to the regular annual registration fee.
     In accordance with other provisions of 17A-3-14, there must be at least 250 registrants prior to the Division of Motor Vehicles Starting production of the “In God We Trust” plate.
     The Division has been paying $8.30 for special plates, plus $5.00 for administration cost. Total cost to issue this special plate is $13.30 per plate, or $3,325.
     Revenues generated from this plate, based on the minimum number of 250 registrations, will be $2,500 the first year, and $1,250 in subsequent years. All revenues generated by this bill will be deposited to the State Road Fund.

Fiscal Note Detail

Effect of Proposal Fiscal Year
Fiscal Year
(Upon Full
1. Estmated Total Cost 3,325 3,325 0
Personal Services 0 0 0
Current Expenses 1,250 1,250 0
Repairs and Alterations 0 0 0
Assets 0 0 0
Other 2,075 2,075 0
2. Estimated Total Revenues 2,500 2,500 1,250

Explanation of above estimates (including long-range effect):

    Cost to issue the plate
     Plate Cost $ 8.30
     Administrative Cost $ 5.00
     Total Cost Per Plate $ 13.30
     Number of Plates 250
     Total Cost $3,325.00
     One Time Fee $ 5.00
     Annual Fee $ 5.00
     Number of Plates 250
     First Year Revenue $2,500.00
     Second Year Revenue $1,250.00



    Person submitting Fiscal Note: Jerry L. Conrad, Director
    Email Address: