FISCAL NOTE

Date Requested: February 28, 2017
Time Requested: 01:15 PM
Agency: Motor Vehicles, WV Division of
CBD Number: Version: Bill Number: Resolution Number:
2612 Introduced SB459
CBD Subject: Roads and Transportation


FUND(S):

Road Fund

Sources of Revenue:

Special Fund

Legislation creates:

A New Program



Fiscal Note Summary


Effect this measure will have on costs and revenues of state government.


The purpose of this bill is to place the existing “In God We Trust” license plate in the statutory list of special plates. The cost of this plate is $4.15 with an administrative cost of $5 per plate. A one-time fee of $10 is required when the plate is initially issued.



Fiscal Note Detail


Effect of Proposal Fiscal Year
2017
Increase/Decrease
(use"-")
2018
Increase/Decrease
(use"-")
Fiscal Year
(Upon Full
Implementation)
1. Estmated Total Cost 0 9 9
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 0 10 0


Explanation of above estimates (including long-range effect):


Cost to Issue New Plate $ 4.15 Plate Cost $ 5.00 Administrative Cost $ 9.15 Total Cost per Plate Revenue $ 10.00 One-Time Fee



Memorandum






    Person submitting Fiscal Note: Raeann Kriner
    Email Address: raeann.k.kriner@wv.gov