121st Maine Legislature
Office of Fiscal and Program Review
LD 520
An Act To Improve Motor Vehicle Safety
LR0909(01)
Fiscal Note for Original Bill
Sponsor: Rep. Norbert of Portland
Committee:  Transportation
Fiscal Note Required: Yes
   
             
Fiscal Note
Current biennium cost increase - Highway Fund
Current biennium revenue increase - Highway Fund
Projections Projections
2003-04 2004-05 2005-06 2006-07
Net Cost (Savings):
Highway Fund $40,804 $98,507 ($223,657) ($378,683)
Appropriations/Allocations
Highway Fund $40,804 $258,813 $263,989 $269,269
Revenue
Highway Fund $0 $160,306 $487,646 $647,952
Fiscal Detail and Notes
Changing the driver's license renewal requirements for certain drivers will require additional Highway Fund allocations to the Bureau of Motor Vehicles within the Department of the Secretary of State.  The amounts are $40,804 and $258,813 in fiscal years 2003-04 and 2004-05, respectively.  In addition, these same changes in driver's license renewal requirements will increase Highway Fund revenue collected by the bureau; the estimated amounts are $160,306, $487,646 and $647,952 in fiscal years 2004-05, 2005-06 and 2006-07, respectively.