FISCAL NOTE
Date Requested: January 17, 2019 Time Requested: 01:58 PM |
Agency: |
Motor Vehicles, WV Division of |
CBD Number: |
Version: |
Bill Number: |
Resolution Number: |
2289 |
Introduced |
HB2472 |
|
CBD Subject: |
Professions and Occupations |
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|
FUND(S):
Road Fund
Sources of Revenue:
Special Fund
Legislation creates:
Creates New Expense
Fiscal Note Summary
Effect this measure will have on costs and revenues of state government.
This bill establishes annual fees of $10 and $15. The $10 fee is to be deposited into the Road Fund. The $15 fee would not be revenue for the Division of Motor Vehicles as it is designated for the Department of Agriculture, as such, it is not included in this fiscal note.
Initial expenses will consist of mainframe and cash register programming of $6,597. The average costs of the registration plate is $6.80.
Fiscal Note Detail
Effect of Proposal |
Fiscal Year |
2019 Increase/Decrease (use"-") |
2020 Increase/Decrease (use"-") |
Fiscal Year (Upon Full Implementation) |
1. Estmated Total Cost |
0 |
6,597 |
7 |
Personal Services |
0 |
0 |
0 |
Current Expenses |
0 |
0 |
0 |
Repairs and Alterations |
0 |
0 |
0 |
Assets |
0 |
0 |
0 |
Other |
0 |
0 |
0 |
2. Estimated Total Revenues |
0 |
10 |
10 |
Explanation of above estimates (including long-range effect):
Year of Implementation Costs
Programming Cost
$3,600 – Mainframe
$2,990 – Cash Register
Per Transaction Cost
$6.80 – Plate
$6.80 – Sub Total
$6,596.80 – Total
Revenue
$10 – One Time Fee
$10 – Total
Memorandum
Person submitting Fiscal Note: Raeann Kriner
Email Address: raeann.k.kriner@wv.gov