FISCAL NOTE

Date Requested: January 17, 2019
Time Requested: 01:58 PM
Agency: Motor Vehicles, WV Division of
CBD Number: Version: Bill Number: Resolution Number:
2289 Introduced HB2472
CBD Subject: Professions and Occupations


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.


    This bill establishes annual fees of $10 and $15. The $10 fee is to be deposited into the Road Fund. The $15 fee would not be revenue for the Division of Motor Vehicles as it is designated for the Department of Agriculture, as such, it is not included in this fiscal note.
    
    Initial expenses will consist of mainframe and cash register programming of $6,597. The average costs of the registration plate is $6.80.
    



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 0 6,597 7
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 10


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


    Year of Implementation Costs
    
    Programming Cost
    $3,600 – Mainframe
    $2,990 – Cash Register
    
    Per Transaction Cost
    $6.80 – Plate
    $6.80 – Sub Total
    
    $6,596.80 – Total
    
    Revenue
    $10 – One Time Fee
    $10 – Total
    



Memorandum


    



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