FISCAL NOTE

Date Requested: January 14, 2023
Time Requested: 03:37 PM
Agency: Motor Vehicles, WV Division of
CBD Number: Version: Bill Number: Resolution Number:
1345 Introduced HB2160
CBD Subject:


FUND(S):

Road Fund

Sources of Revenue:

Special Fund

Legislation creates:

Creates New Revenue, Creates New Expense



Fiscal Note Summary


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


The purpose of this bill is to authorize the Division of Motor Vehicles to issue special registration plates for autism awareness. The Division estimates that programming costs for the cash register of $2,990 (26 hrs. X 115/hr.). For the purposes of this fiscal note, the agency assumes 250 plates will be purchased the first year. The average cost of similar plates is $4.30 ($7.25 special plate - $2.95 Class A) more than the standard ‘class A’ plate. This produces an increased first year plate cost of $1,075 ($4.30 X 250). The total expense for the first year is $4,065 ($2,990 + $1,075). The bill establishes a $10 one time fee for the plate producing $2,500 revenue. The bill also establishes a $15 annual fee which produces revenue of $3,750 ($15 X 250). The total revenue for the first year is $6,250 ($2,500 + $3,750). For future years the agency estimates the number of plates will remain consistent with 5%, or 13 plates (5% X 250 plates) of the plates not being renewed and replaced with new plates. This produces annual costs of $56 (13 X $4.30). Future years revenue would be $3,880 (($15 x 250 plates) + ($10 X 13 plates)).



Fiscal Note Detail


Effect of Proposal Fiscal Year
2023
Increase/Decrease
(use"-")
2024
Increase/Decrease
(use"-")
Fiscal Year
(Upon Full
Implementation)
1. Estmated Total Cost 0 4,065 56
Personal Services 0 0 0
Current Expenses 0 4,065 56
Repairs and Alterations 0 0 0
Assets 0 0 0
Other 0 0 0
2. Estimated Total Revenues 0 6,250 3,880


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


FY2024 $2,990 Cash Register Programming $7.25 Cost Autism Awareness Plate $2.95 Cost of class A plate $4.30 Increased cost per plate 250 New Plate $1,075 Total Increase plate cost $4,065 Total Expense $10 One time fee 250 Plates $2,500 First Year One time plate fee $15 Annual Fee 250 Plates $3,750 Total Annual Fee $6,250 Total Revenue Upon Full Implementation $7.25 Cost Autism Awareness Plate $2.95 Cost of class A plate $4.30 Increased cost per plate 13 New Plate $56 Total Increase plate cost $56 Total Expense $10 One time fee 13 Plates $130 First Year One time plate fee $15 Annual Fee 250 Plates $3,750 Total Annual Fee $3,880 Total Revenue



Memorandum


Please identify any areas of vagueness, technical defects, reasons a bill would not have a fiscal impact, and/or any special issues not captured elsewhere on this form.



    Person submitting Fiscal Note: Raeann Kriner
    Email Address: raeann.k.kriner@wv.gov