122nd MAINE LEGISLATURE
LD 634 LR 0481(01)
An Act To Amend the Electronic Insurance Cancellation Notification Law
Fiscal Note for Original Bill
Sponsor: Rep. Fischer of Presque Isle
Committee: Transportation
Fiscal Note Required: Yes
   
             
Fiscal Note
Projections Projections
2005-06 2006-07 2007-08 2008-09
Net Cost (Savings)
Highway Fund $140,400 $0 $0 $0
Appropriations/Allocations
Highway Fund $140,400 $0 $0 $0
Federal Expenditures Fund
Fund for a Healthy Maine
Other Special Revenue Funds
Federal Block Grant Funds
Other Funds
Revenue
General Fund
Highway Fund
Federal Expenditures Fund
Fund for a Healthy Maine
Other Special Revenue Funds
Federal Block Grant Funds
Other Funds
Transfers
General Fund
Highway Fund
Federal Expenditures Fund
Fund for a Healthy Maine
Other Special Revenue Funds
Federal Block Grant Funds
Other Funds
Correctional and Judicial Impact Statements
Bond Issues Term(years) Principal Rate (%) Interest Total Cost
General Fund - Non-taxable 10 3.7% $0 $0
Referendum Costs Month/Year Election Type Question Length
Nov-05 General Referendum Standard
Jun-05 Special Initiated Bill Lengthy
The Secretary of State's budget includes sufficient funds to accommodate one ballot of average length for the general election in November. If the number or size of the referendum questions increases the ballot length, an additional appropriation of $8,000 or more may be required.  A special election would require an additional appropriation of $121,392.
Fiscal Detail and Notes
Changes in certain insurance notification requirements will necessitate a one-time Highway Fund allocation of $140,400 in fiscal year 2005-06 for the Bureau of Motor Vehicles within the Department of the Secretary of State for the costs of reprogramming the bureau's computer system.