| 121st Maine Legislature | |||||||
| Office of Fiscal and Program Review | |||||||
| LD 1665 | |||||||
| An Act To Require Owners and Operators of Snowmobiles and All-terrain Vehicles to Carry Liability Insurance | |||||||
| LR 2323(01) | |||||||
| Fiscal Note for Original Bill | |||||||
| Sponsor: Rep. Collins of Wells | |||||||
| Committee: Insurance and Financial Services | |||||||
| Fiscal Note Required: Yes | |||||||
| Fiscal Note | |||||||
| Projections | Projections | ||||||
| 2003-04 | 2004-05 | 2005-06 | 2006-07 | ||||
| Net Cost (Savings) | |||||||
| General Fund | $0 | $0 | $112,951 | $112,951 | |||
| Revenue | |||||||
| General Fund | $0 | $0 | ($112,951) | ($112,951) | |||
| Other Special Revenue Funds | $0 | $0 | ($145,251) | ($145,251) | |||
| Correctional and Judicial Impact Statements: | |||||||
| Establishes a new civil violation | |||||||
| Fiscal Detail and Notes | |||||||
| As a result of requiring that owners and users of snowmobiles and all-terrain vehicles must carry certain liability insurance, the Department of Inland Fisheries and Wildlife estimates a decrease in the number of snowmobile and all-terrain vehicle registrations thereby reducing annual General Fund revenues by $112,951 and reducing annual Other Special Revenue Funds revenues by $145,251 beginning in fiscal year 2005-06. In addition, municipal governments will lose an estimated $24,833 in annual fee revenue. | |||||||