FISCAL NOTE
Date Requested: February 11, 2015
Time Requested: 12:29 PM |
| Agency: |
Motor Vehicles, Division of |
|---|
| CBD Number: |
Version: |
Bill Number: |
Resolution Number: |
| 2326 |
Introduced |
HB2700 |
|
|---|
| CBD Subject: |
Motor Vehicles |
|---|
|
FUND(S):
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.
SALARY BENEFITS
2 CSR’s $ 72,201
1 CSR Lead $ 38,146
1 Investigator $ 48,178
Total $158,524
Current Office Overhead $22.417 x .333 = $7,465
7,465 per month x 12 $90,000 year
Miscellaneous Equipment $6,649 x 4 = $26,596
1 Vehicle $4,800 per year
Lyft and Uber are the prominent
companies involved. $5,000 x 2 = $10,000
Fiscal Note Detail
| Effect of Proposal |
Fiscal Year |
2015
Increase/Decrease
(use"-") |
2016
Increase/Decrease
(use"-") |
Fiscal Year
(Upon Full
Implementation) |
| 1. Estmated Total Cost |
0 |
0 |
0 |
| 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 |
-116,875 |
-116,875 |
-116,875 |
Explanation of above estimates (including long-range effect):
The purpose of this bill is to allow and regulate transportation network companies.
Implementation of this legislation will require establishing a new regulatory section within the Division of Motor Vehicles (DMV). It is estimated that at least three additional persons, plus one trained investigator would need to be added. This would allow for initial application review, insurance verification, and review of any and all complaints. While it appears that §17-29-10 sets forth self-regulation, §17-29-18 shifts the regulatory authority to the DMV.
Transaction numbers for this type of regulation are not readily available, so all calculations are best estimated approximations.
Memorandum
Person submitting Fiscal Note: Jerry Conrad
Email Address: jerry.l.conrad@wv.gov