|Date Requested: February 06, 2015
Time Requested: 03:25 PM
||Motor Vehicles, Division of |
||Professions and Occupations|
Sources of Revenue:
Neither Program nor Fund
Fiscal Note Summary
Effect this measure will have on costs and revenues of state government.
2 CSR’s $ 72,201
1 CSR Lead $ 38,146
1 Investigator $ 48,178
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
|1. Estmated Total Cost
|Repairs and Alterations
|2. Estimated Total Revenues
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.
Person submitting Fiscal Note:
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