FISCAL NOTE
Date Requested: February 08, 2019 Time Requested: 11:29 AM |
Agency: |
Motor Vehicles, WV Division of |
CBD Number: |
Version: |
Bill Number: |
Resolution Number: |
2297 |
Introduced |
HB2949 |
|
CBD Subject: |
Motor Vehicles |
---|
|
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.
The purpose of this bill is to requiring applications for an instruction permit or a driver’s license desires to contain a fourth option for contributions to the West Virginia Department of Veterans Assistance. The current application provides for three distinct amounts, $3, $5 and $10. The bill provides for a fourth option so that the applicant may make any contribution he or she chooses.
The Division would incur start-up costs of approximately $4,140 to modify the Cash Register System, approximately $22,000 to modify DMV forms, and $120 to modify third party vendor forms.
Expenses, equaling 5% of revenue received, would be incurred to receive and process the transactions. This would include credit/debit card fees.
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 |
26,260 |
0 |
0 |
Personal Services |
0 |
0 |
0 |
Current Expenses |
26,260 |
0 |
0 |
Repairs and Alterations |
0 |
0 |
0 |
Assets |
0 |
0 |
0 |
Other |
0 |
0 |
0 |
2. Estimated Total Revenues |
0 |
0 |
0 |
Explanation of above estimates (including long-range effect):
$ 4,140 Programming Costs
$22,120 Forms
$26,260 Total
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