FISCAL NOTE
Date Requested: January 20, 2023
Time Requested: 09:14 AM |
| Agency: |
Motor Vehicles, WV Division of |
|---|
| CBD Number: |
Version: |
Bill Number: |
Resolution Number: |
| 2699 |
Introduced |
HB2794 |
|
|---|
| CBD Subject: |
Motor Vehicles |
|---|
|
FUND(S):
Road Fund
Sources of Revenue:
Special Fund
Legislation creates:
Increases Revenue From Existing Sources, 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 create a special license plate for 100% disabled veterans.
The Division estimates that programming costs for the cash register of $2,990 (26 hrs. X 115/hr.). The average cost of similar plates is $7.55. Assuming the Division has 100 plates made the cost would be $755 ($7.55 X 100). Total Current expense in the first year would be $3,745 ($2,990 + $755).
The bill establishes a $10 initial application fee, a $15 annual fee, as well as all other fees required by §17A-3-14. However, no revenue is included in this note because the Division already has a special plate for 100% disabled veterans established by §17A-3-14(c)(6). As the existing plate has fewer fees associated with it, it is not anticipated that veterans will purchase the more expensive plate.
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 |
3,745 |
0 |
| Personal Services |
0 |
0 |
0 |
| Current Expenses |
0 |
3,745 |
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):
$2,990 Cash Register
$7.55 100% Disabled Veteran Plate
100 Plates
$ 755 Total Plate Cost
$ 3,745 Total Cost
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