FISCAL NOTE
Date Requested: March 22, 2021 Time Requested: 01:03 PM |
Agency: |
Motor Vehicles, WV Division of |
CBD Number: |
Version: |
Bill Number: |
Resolution Number: |
3457 |
Introduced |
SB697 |
|
CBD Subject: |
Motor Vehicles |
---|
|
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 establish a “Civil Air Patrol” license plate option through the West Virginia Division of Motor Vehicles.
The plate carries a one-time $10 fee and an annual fee of $15 in addition to all other fees. The legislation would be subject to the provisions of §17A-3-14(d) which require the Division to collect at least 250 completed applications, along with all associated fees, before design and production can begin. Therefore, total revenue would be $6,250 (($10 x 250) + ($15 X 250)).
The Division estimates it will cost $2,990, (26 hrs. X $115/hr.) for programming the cash register, and $3,600 (40 hrs. X $90/hr.) for mainframe programming. Registration plates of this nature cost approximately $7 per plate and will produce a total plate cost of $1,750 ($7 x 250). This produces a total current expense $8,340 ($2,990 + $3,600 + $1,750).
Fiscal Note Detail
Effect of Proposal |
Fiscal Year |
2021 Increase/Decrease (use"-") |
2022 Increase/Decrease (use"-") |
Fiscal Year (Upon Full Implementation) |
1. Estmated Total Cost |
0 |
8,340 |
0 |
Personal Services |
0 |
0 |
0 |
Current Expenses |
0 |
8,340 |
0 |
Repairs and Alterations |
0 |
0 |
0 |
Assets |
0 |
0 |
0 |
Other |
0 |
0 |
0 |
2. Estimated Total Revenues |
0 |
6,250 |
3,750 |
Explanation of above estimates (including long-range effect):
Programming Cost
$3,600 Mainframe
$2,990 Cash Register
Per Transaction Cost
$1,750 New Registration Plate
$8,340 Total
Revenue
$2,500 One-time fee
$3,750 Annual fee
$6,250
Memorandum
Person submitting Fiscal Note: Raeann Kriner
Email Address: raeann.k.kriner@wv.gov